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. On August 6, 2020, a shareholder meeting authorized a request to file for Chapter 15 Bankruptcy in the United States and bankruptcy in Mexico. In 2023, Famsa closed their stores in Mexico only 3 stores open. 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. ==See also==