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Cosmetics & Toiletries | Specialty Chemicals Industry | Cosmetics & Beauty Supply Stores | Retail Property | Chemicals | Health & Personal Care StoresMergers & Acquisitions | Ownership ChangesNew Jersey, USA | Northeast USA

Bed Bath & Beyond Acquires Harmon Stores

On March 5th, Bed Bath & Beyond announced the purchase of health and beauty products retailer Harmon Stores Inc. New Jersey-based Harmon Stores currently operates 27 stores in three states, comprising approximately 178,000 square feet of store space. According
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to a company spokesman, the stores will retain the Harmon name for the time being.
Specific terms of the acquisition were not disclosed; however, the all-cash deal is not expected to affect Bed Bath & Beyond's fiscal 2001 results since it occurred in fiscal 2002.

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