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Arriba! Fiesta Mart sold and spending projectionsArriba! Fiesta Mart sold and spending projectionshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=195852018-03-28T05:00:00Z2018-03-28T20:00:00Z

​​​​​​​​HOUSTON – Houston-based Fiesta Mart LLC has been sold to Bodega Latina Corp., a subsidiary of Mexico-based Grupo Comercial Chedraui. 

The deal values Fiesta Mart at as much as $300 million, including debt. ​

By 2022, it’s projected that Houston's Hispanic spending will grow to about $77 billion, more than 25 percent of the total spending in the region.

The deal is expected to close at the beginning of the second quarter 2018. ​​

After the deal closes, Bodega Latina will be one of the largest Hispanic-focused supermarket companies in the U.S. Fiesta Mart’s 63 stores—primarily in the Houston and Dallas areas.​

By 2022, it's projected that Houston's Hispanic spending will grow to about $77 billion, more than 25 percent of the total spending in the region.

In Harris County, 42 percent of the population—nearly 2 million people—is Hispanic, up 77 percent since 2000.

The Hispanic population in the Houston area is the third-largest Hispanic community in the U.S.​​​

Houston Business Journal
Houston-The Woodlands-Sugar Land
Retail
https://www.bizjournals.com/houston/news/2018/03/25/fiesta-mart-sold-again-creating-major-hispanic.html Read the full article at the {Source}

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