Grupo Famsa is a Mexican retail company that owns Famsa department stores, the company was one of the most important retail stores in Mexico. In 2023, the company has operations in Texas with 21 stores and 21 personal loan branches.[3]
Famsa location #38 Bellaire, in the Gulfton area in Houston
Until 2022 the company had 379 stores in 78 Mexican cities and 22 stores in Texas and Illinois, where 23% of the Hispanic population of the USA resides.[4] The company has its headquarters in Monterrey, Mexico.[5]
It also manufactured furniture and provides banking and credit services, including personal car financing through its Banco Ahorro Famsa. The bank had 359 banking branches within its stores in Mexico until 2020 when the service was liquidated.[6] In Famsa locations in the United States, customers can order deliveries of goods to locations in the United States and Mexico.[7]
In addition, Famsa is in the footwear catalog business. The company serves wholesale and retail customers through retail branches and wholesale warehouses. The company was founded in 1970 in Monterrey.[4][8]
In 2023, Grupo Famsa closed 69 stores, the 3 remaining Famsa stores remained opened with the last one in Colón avenue closing on March 31, 2023.[2][9]
In 2023 the chain only remains in Texas with 21 Famsa Furniture stores and 21 personal loan branches by Famsa Loans and Famsa Financial.[10]
Don Humberto Garza opened the Fabricantes Muebleros, his first store. The store became Famsa, which spread throughout Mexico beginning in 1975. Famsa opened its first United States location in Los Angeles in late 2000. Famsa intended to target the growing Hispanic American population. In 2005 the company made $1 billion United States dollars in sales; its United States sales made up 11.9 percent of its figure. In 2006 Famsa had 25 U.S. stores; during that year the company planned to open 25 additional United States locations by 2010. In early 2006 Famsa opened operations in Guatemala and planned to begin deliveries to El Salvador.[7]
On 26 June 2020 Grupo Famsa reported in a statement to the Mexican Stock Exchange that it filed a voluntary application under Chapter 11 of the Bankruptcy Code of the United States[11]
In an August 6, 2020 a shareholder meeting authorized a request to file for Chapter 15 Bankruptcy in the United States and bankruptcy in Mexico.[12]
In 2023, Famsa closed their stores in Mexico only 3 stores open.[2]
Finally on March 31, 2023, Famsa closed its final and first location in Monterrey, Ending the 53 year old chain, as of December 16, 2023, Famsa had stores in the US.[9]
^"Contact 2012-04-26 at the Wayback Machine." Grupo Famsa. Retrieved on January 2, 2011. "Corporate Offices: Ave. Pino Suárez No. 1202 nte. Zona Centro C.P. 64000 Monterrey, N.L., México"
^ abMoreno, Jenalia. "Shopping / Retailer pushes north / Famsa chain from Mexico finds growth in the U.S." Houston Chronicle. Sunday August 20, 2006. Business 1. Retrieved on March 4, 2010.
^ ab"Famsa cierra tienda en Monterrey, la última tras operar por mas de 50 años". Milenio. 31 March 2023. Retrieved 1 April 2023.
^"Store List – FAMSA Locations". Retrieved 2023-04-11.
^"Famsa files for bankruptcy to seek restructuring". 2020-06-27. Retrieved 2020-06-27.
^"Mexico's Grupo Famsa files for bankruptcy in United States and Mexico (Reuters)". 2020-08-06. Retrieved 2020-08-06.
External linksedit
Grupo Famsa (in Spanish)
Famsa Mexico (in Spanish)
Famsa USA
Famsa USA (in Spanish)
January 01, 1970
grupo, famsa, mexican, retail, company, that, owns, famsa, department, stores, company, most, important, retail, stores, mexico, 2023, company, operations, texas, with, stores, personal, loan, branches, company, typepublictraded, asbmv, gfamsa, aindustryretail. Grupo Famsa is a Mexican retail company that owns Famsa department stores the company was one of the most important retail stores in Mexico In 2023 the company has operations in Texas with 21 stores and 21 personal loan branches 3 Grupo Famsa S A B de C V Company typePublicTraded asBMV GFAMSA AIndustryRetailFounded1970 54 years ago 1970 Defunct31 March 2023 13 months ago 2023 03 31 Mexico only 1 FateBankruptcy 2 HeadquartersMonterrey MexicoKey peopleHumberto Garza Gonzalez Chairman Humberto Garza Valdez CEO ProductsFinancial servicesRevenueUS 1 1 Billion 2009 Net incomeUS 7 8 Million 2009 Number of employees18 000Websitewww grupofamsa com www famsa com Famsa location 38 Bellaire in the Gulfton area in Houston Until 2022 the company had 379 stores in 78 Mexican cities and 22 stores in Texas and Illinois where 23 of the Hispanic population of the USA resides 4 The company has its headquarters in Monterrey Mexico 5 It also manufactured furniture and provides banking and credit services including personal car financing through its Banco Ahorro Famsa The bank had 359 banking branches within its stores in Mexico until 2020 when the service was liquidated 6 In Famsa locations in the United States customers can order deliveries of goods to locations in the United States and Mexico 7 In addition Famsa is in the footwear catalog business The company serves wholesale and retail customers through retail branches and wholesale warehouses The company was founded in 1970 in Monterrey 4 8 In 2023 Grupo Famsa closed 69 stores the 3 remaining Famsa stores remained opened with the last one in Colon avenue closing on March 31 2023 2 9 In 2023 the chain only remains in Texas with 21 Famsa Furniture stores and 21 personal loan branches by Famsa Loans and Famsa Financial 10 Contents 1 History 2 See also 3 References 4 External linksHistory editDon Humberto Garza opened the Fabricantes Muebleros his first store The store became Famsa which spread throughout Mexico beginning in 1975 Famsa opened its first United States location in Los Angeles in late 2000 Famsa intended to target the growing Hispanic American population In 2005 the company made 1 billion United States dollars in sales its United States sales made up 11 9 percent of its figure In 2006 Famsa had 25 U S stores during that year the company planned to open 25 additional United States locations by 2010 In early 2006 Famsa opened operations in Guatemala and planned to begin deliveries to El Salvador 7 On 26 June 2020 Grupo Famsa reported in a statement to the Mexican Stock Exchange that it filed a voluntary application under Chapter 11 of the Bankruptcy Code of the United States 11 In an August 6 2020 a shareholder meeting authorized a request to file for Chapter 15 Bankruptcy in the United States and bankruptcy in Mexico 12 In 2023 Famsa closed their stores in Mexico only 3 stores open 2 Finally on March 31 2023 Famsa closed its final and first location in Monterrey Ending the 53 year old chain as of December 16 2023 Famsa had stores in the US 9 See also edit nbsp Mexico portal nbsp Companies portal CLABEReferences edit Famsa a punto de desaparecer Debo seguir pagando mi credito a b c Famsa cierra casi todas sus tiendas en Mexico mantiene 3 en operacion 26 February 2023 Store List FAMSA Locations Retrieved 2023 04 09 a b Famsa FAMSA USA Contact Archived 2012 04 26 at the Wayback Machine Grupo Famsa Retrieved on January 2 2011 Corporate Offices Ave Pino Suarez No 1202 nte Zona Centro C P 64000 Monterrey N L Mexico Famsa FAMSA MEXICO a b Moreno Jenalia Shopping Retailer pushes north Famsa chain from Mexico finds growth in the U S Houston Chronicle Sunday August 20 2006 Business 1 Retrieved on March 4 2010 Quienes somos FAMSA a b Famsa cierra tienda en Monterrey la ultima tras operar por mas de 50 anos Milenio 31 March 2023 Retrieved 1 April 2023 Store List FAMSA Locations Retrieved 2023 04 11 Famsa files for bankruptcy to seek restructuring 2020 06 27 Retrieved 2020 06 27 Mexico s Grupo Famsa files for bankruptcy in United States and Mexico Reuters 2020 08 06 Retrieved 2020 08 06 External links editGrupo Famsa Grupo Famsa in Spanish Famsa Mexico in Spanish Famsa USA Famsa USA in Spanish Retrieved from https en wikipedia org w index php title Grupo Famsa amp oldid 1190249426, wikipedia, wiki, book, books, library,
