Bed Bath & Beyond announces deal that would 'accelerate' new locations

Bed Bath & Beyond Inc . announced that it completed a deal that would accelerate the creation of new locations.

The company said in a Sept. 15 news release that a $10 million purchase of the Kirkland's Home name and other brand assets from The Brand House Collective had been completed.

"The move accelerates the companies’ national store conversion strategy, converting Kirkland's Home locations into Bed Bath & Beyond stores," Bed Bath & Beyond Inc. said in a statement, adding that the companies will "expand Kirkland’s Home into the wholesale market, extending the brand’s nearly 60-year legacy in seasonal home décor and furnishings to independent retailers nationwide and creating a new, recurring revenue stream."

The company did not specify which Kirkland’s Home locations would be con