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 executive chairman Marcus Lemonis announced no BB&B stores will open in California, as the company plans to open 300 new stores.

Bed Bath & Beyond is making headlines again, but not for opening a new store. In a bold move, the home goods brand has revealed that it will no longer operate in California.