Bed Bath & Beyond to Sell PersonalizationMall.com

February 19, 2020  by Laurie Northington in Business Strategy, Industry   

"This transaction is another important step towards simplifying our portfolio and deepening our focus on our core Home, Baby and Beauty businesses,” said Mark Tritton, president and CEO. “By unlocking valuable capital from within our business, we can accelerate the company's ongoing business transformation and our efforts to re-establish Bed Bath & Beyond's authority in the Home space."

Bed Bath & Beyond, together with its outside advisors, will continue to optimize the Company's portfolio of retail concepts and owned real estate to support the transformation and enhance shareholder value.  

The closing of the transaction is subject to customary closing conditions, including, among others, the expiration or termination of the applicable waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976.   

Following the closing of the transaction, PersonalizationMall.com will continue to provide product and personalization services to Bed Bath & Beyond and buybuy Baby. The transaction is expected to close during the company's fiscal 2020 first quarter.