Overview
- Brand House investors will receive 0.1993 Bed Bath & Beyond shares per TBHC share based on Nov. 21 pricing and recent volume-weighted averages.
- Bed Bath & Beyond already owns roughly 40% of Brand House and advanced $10 million from a delayed draw loan to accelerate store conversions and inventory builds.
- Brand House CEO Amy Sullivan is expected to lead a new Beyond Retail Group overseeing merchandising, stores, e-commerce and customer experience across Bed Bath & Beyond, buybuy BABY, Overstock and Kirkland's Home.
- Management projects at least $20 million in annual cost eliminations, plans to close more than 40 underperforming or noncore stores in early 2026, and intends to reinvest savings in store formats and digital upgrades.
- Boards of both companies approved the merger unanimously, and at publication BBBY shares rose about 2.7% to $5.78 while TBHC fell roughly 9%.