Yes, Rose Blumkin, known as Mrs. B, did open a store called Mrs. B's Clearance and Factory Outlet directly across the street from Nebraska Furniture Mart (NFM) in Omaha, Nebraska, in 1989, at the age of 95. This was after she retired from NFM, which she had founded in 1937 and sold a majority stake to Warren Buffett’s Berkshire Hathaway in 1983. Unhappy with retirement and unrestricted by a non-compete agreement from the 1983 sale, she started the rival store to compete with NFM, focusing on clearance furniture, mattresses, and flooring. By 1991, her new store was profitable and became the third-largest carpet outlet in Omaha. In 1992, Buffett acquired Mrs. B’s Clearance and Factory Outlet for $4.94 million and merged it with NFM, this time ensuring she signed a non-compete clause. The outlet continues to operate as part of NFM’s Omaha campus

Berkshire Hathaway FAQ

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