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