Chef Central Purchased by Bed Bath & Beyond
Chef Central, a retailer of kitchenware, cookware and homeware items that attracted both amateur and professional chefs in Paramus, N.J., closed in December 2016 but was recently purchased by Union Township, N.J.-based Bed Bath & Beyond for $1 million.
Ron Eisenberg, founder of Chef Central (and son of Warren Eisenberg, co-chairman of Bed Bath & Beyond, who recused himself from the acquisition deliberations), will become an employee of Bed, Bath & Beyond and oversee the creation of up to 50 Chef Central stores or departments within Bed Bath & Beyond Stores, with the potential to earn up to $1.25 million in incremental payouts.
The 15,000-square-foot Chef Central opened in 1999 and featured a professional kitchen, which hosted cooking classes and contests. That “experience retail” is what made the acquisition attractive to Bed Bath & Beyond.
Bed Bath & Beyond also acquired PersonalizationMall.com, an online retailer of personalized products based in Burr Ridge, Ill., for $190 million. PMall.com, which began 18 years ago, has developed a fully-integrated, proprietary technology platform that drives quality, speed and efficiency throughout the process of personalizing a variety of products to each customer’s preference. The personalization processes include sublimation, embroidery, digital printing, engraving and sandblasting.