Bed Bath & Beyond Enters Mexican Market

Union, N.J. 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% stake in a new company operating two stores in Mexico City under the name "Home & More."

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

During the past 12 months, the company opened its first international store, in Richmond Hill, Ontario, Canada.

Bed Bath & Beyond is also developing or in talks about two dozen other Canadian sites, according to the Associated Press.