Bed Bath & Beyond announced in November that it had entered into a merger agreement to acquire The Brand House Collective, formerly Kirkland’s Inc.

The merger means that some Kirkland's stores will become Bed Bath & Beyond, though The Brand House Collective has said it plans to close a select number of locations. The merger agreement was announced on Nov. 24, and the deal was valued at $26.8 million, The Brand House Collective said in a news release .

“This acquisition is a big step in building a profitable, growth-oriented Everything Home company. The power of this deal comes from a more efficient and productive engagement with the consumer, while extracting over $20 million in duplicate costs," said Marcus Lemonis, the executive chairman of Bed Bath & Beyond, in a statement.

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