Corona, Calif. —
Monterrey, Mexico-based chain FAMSA has acquired the 12-store La Canasta here, further expanding its U.S. presence.
The publicly held, credit-oriented retailer bought La Canasta's operations — including nine California stores and three in the Houston area — for $37 million from Javier Rodriguez, said Arturo Prestamo, FAMSA investor relations director.
The acquisition gives the retailer 37 stores in California, Texas and Nevada. There are plans to open eight more units by the end of the year, including FAMSA's first store in the Phoenix area, said Prestamo.
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Here is a sampling of some of the stylish new products catching dealers' eyes at the October High Point Market. For more coverage, see Furniture/Today's Nov. 2 print issue. When you're done viewing the photos in this Slideshow, more images of hot introductions also are available on the Furniture/Today Web site by clicking here.
The High Point Market is marking its 100th anniversary this April.
To help celebrate this milestone, Furniture/Today presents some pictorial
highlights of the past 100 years.
