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0 0 0.00160139758334546 0.00451302955306453 -0.000727907992429716 0.0767215024020965 0.081088950356675 0.111952249235697
Stock impact report

Bed Bath & Beyond Buys Brand House Collective, Bath & Body Works Reset [Forbes]

Bath & Body Works, Inc. (BBWI) 
Company Research Source: Forbes
The all-stock transaction means shareholders of The Brand House Collective will receive 0.1993 shares of Bed Bath & Beyond common stock for each share they own and the deal will formalize a relationship that has been evolving over the past year. Roughly 40% of The Brand House Collective's shares were already held by Bed Bath & Beyond, easing the path to consolidation. The strategic narrative is to reposition Bed Bath & Beyond as an everything for the home retailer, combining the legacy value of its brand with the operational agility and store discipline of The Brand House Collective, the company said. As part of the deal, the company expects to cut more than $20 million in duplicated costs, including shuttering 40 stores next year. The chain, once a U.S. retail juggernaut in housewares and bedding, filed for Chapter 11 bankruptcy in April 2023, ultimately liquidating all remaining stores. In the months following, the brand name and intellectual property were acquired by online Show less Read more
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