Bed Bath & Beyond enters Mexican market

By Associated Press May 14, 2008 Comments (0)

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Housewares retailer Bed Bath & Beyond Inc. said Wednesday it formed a joint venture with Mexican home products retailer Home & More SA de CV, paying $4 million for a 50 percent stake in a new compnay operating two stores in Mexico City under the name "Home & More."

Bed Bath & Beyond said the Mexican joint venture won't likely materially affect its overall results or financial condition for fiscal 2008.

In the past year, the company opened its first international store, in Richmond Hill, Ontario, Canada, and is developing or in talks on about two dozen other Canadian sites.

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DocumentId: 645209, ~/articles/articlehandler.aspx, 7/9/2008 11:54:42 AM, No ticker

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