Serial Entrepreneur Marks Lemonis Bed Bathing and Helping Beyond Being Learn Recession As a company’s executive chairman (Bed Bath and beyond home Opened its first store Earlier this month at Nash Will). And now, she is looking for more brick and mortar locations. On Tuesday, Lemonis asked his 1.3 million Followers on Instagram.
But by Wednesday, it made it clear that there is a state where domestic retailers will not open: California.
Related: Marcus Lemonis became famous to fix business – then faced the same problem that could not be ignored
“We won’t open retail stores in California,” Lemonis Written on Instagram. “It’s not about politics – it’s about the fact. The California system makes business closely impossible to achieve success, and I will not put my company, my employees, or my customers in this position.”
A Press releaseLemonis explained, and California was “one of the most expensive, expensive, and dangerous environment for business in the United States.”
Lemonis demanded that he said that the state has “high taxes, high fees, high wages” and endless rules and regulations that embrace growth. “
Of California Minimum wage An hour. 16.50.
Earlier this year, California Was rated The most expensive state of No. 1 to start a business (New York was close seconds), the highest rules in the country, the third most corporate income tax rate, and the second most average trade fare, Per CNBC.
However, in California, the bed bathroom and beyond fans will not be completely closed: Consumers in the state will be offered 24 to 48 hours of delivery (one -day service can be available) on purchases. Made online.
In his prime minister, there were bed baths and more than 300 places ahead of it. The company entered Chapter 11 Action in April 2023.
Related: You didn’t see the last of the bed bath and beyond, actually – why here
“We are taking a stand because it is time for general understanding,” said Lemonis.
Lemonis is known for television shows Profis, Who used to run on CNBC for eight seasons, and FixerNow on Fox. But he is also more than 6 billion businesses, camping world holdings’ cukenders and CEOs, and became the executive chairman of the past year (Bao Baby, Overstock.com, and a scroll company).
Last week, Playboy’s chief executive, Ben Cohen said the company was leaving California and Is going towards FloridaMiami Beach, especially. California is a “anti -business” and “very expensive place” to operate a company, Cohen said.
Related: Why is it here that these-not-out heritage lunas Sandidar is moving his family from California to Tennessee: ‘It would be amazing’
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