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Author Bio Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles. Continuing in its quest to slim down as a company, Bed Bath & Beyond (NASDAQ:BBBY) has reached agreement to sell a major asset bargain food and home furnishings retailer Cost Plus World Market, which will be purchased by privately held Los Angeles private equity firm Kingswood Capital Management. ....
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Bed Bath & Beyond to sell cost plus chain in private equity deal Jordyn Holman and Richard Clough, Bloomberg News Fans arrive at Cost Plus World Market to meet Josh Turner on October 30, 2016 in Nashville, Tennessee. (Photo by Rick Diamond/Getty Images for Cost Plus World Market) , Rick Diamond/Getty Images North America Security Not Found Bed Bath & Beyond Inc. agreed to sell Cost Plus World Market, bringing in fresh capital as the home-goods retailer hones its focus on a primary business that got a boost during the pandemic. The company is selling the chain to Kingswood Capital Management, a Los Angeles-based private equity firm, according to a statement Monday. They didnât disclose financial terms of the deal, which is expected to close before Bed Bath & Beyondâs fiscal year end in February. Bed Bath & Beyond also approved a new $150 million accelerated share repurchase program. ....
Bed Bath & Beyond to sell Cost Plus chain to private equity Jordyn Holman and Richard Clough, Bloomberg Dec. 14, 2020 FacebookTwitterEmail Signage is displayed outside a Bed Bath & Beyond store in Clarksville, Ind., on Jan. 5, 2020.Bloomberg photo by Luke Sharrett Bed Bath & Beyond Inc. agreed to sell Cost Plus World Market, bringing in fresh capital as the home-goods retailer hones its focus on a primary business that got a boost during the pandemic. The company is selling the chain to Kingswood Capital Management, a Los Angeles-based private equity firm, according to a statement Monday. It didn t disclose financial terms of the deal, which is expected to close before Bed Bath & Beyond s fiscal year end in February. Bed Bath & Beyond also approved a new $150 million accelerated share repurchase program. ....