Bed Bath & Beyond invests $20M in Brand House, acquires Kirkland's brand for $10M

BED BATH & BEYOND, INC.

New $20M delayed-draw term loan commitments convertible into up to 75% of The Brand House Collective's equity.
Purchase price for Kirkland's brand assets increased from $5.233M to $10M, paid at closing on Sept 15, 2025.
Company licensed Kirkland's brand back to The Brand House for existing stores and e-commerce through Sept 15, 2027.
Exclusive store license limited to existing locations (7,000-15,000 sq ft) until rebranding or closure.

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