Bed Bath & Beyond Executive Chairman Marcus Lemonis implied that Gov. Gavin Newsom’s social media strategy is shutting out “investment and capital” into California. “I would think a governor would want to attract investment and capital into the state.

Bed Bath and Beyond executive chairman Marcus Lemonis said he won't reopen retail stores in California, taking a shot at Gov. Gavin Newsom and calling the state a risky environment for business.

Bed Bath & Beyond, once a dominant home goods retailer, filed for bankruptcy in 2023 after years of declining sales and mounting debt.