Bed Bath & Beyond is set to merge with The Brand House Collective, Inc. (formerly Kirkland's) in a deal valued at approximately $26.8 million, expected to close in the first quarter of 2026. The merger will form the newly named Beyond Retail Group, led by The Brand House Collective CEO Amy Sullivan.
© Jonathan Weiss | Dreamstime
Marcus Lemonis, Executive Chairman of Bed Bath & Beyond, described the deal as "a big step in building a profitable, growth oriented Everything Home company," highlighting anticipated savings of over $20 million through the elimination of duplicated costs and operational inefficiencies.
As part of the restructuring, the company plans to close more than 40 underperforming or non-strategic stores in early 2026, although specific locations have not been disclosed. The move follows Bed Bath & Beyond's acquisition of Kirkland's Home intellectual property, with the intent to convert those stores into Bed Bath & Beyond locations.
This expansion comes after the retailer's 2023 bankruptcy and subsequent relaunch, which included the reopening of a new store in Nashville and marked early signs of renewed growth.
Source: www.mlive.com
