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Bed Bath & Beyond Makes $150M Move To Rebuild After Bankruptcy
Bed Bath & Beyond is buying The Container Store, as the once-defunct home goods giant looks to revive its brand post-bankruptcy. CEO Marcus Lemonis revealed the purchase in a letter to shareholders on Thursday, April 2. The deal is valued at about $150 million, Retail Dive reported. Bed Bath & Beyond will also acquire two storage brands: Closet Works, which has its headquarters near Chicago, and Sweden-based Elfa. "We have been disciplined in how we approach transactions, and we believe the acquisitions we have completed to date validate our approach," Lemonis wrote. …
