(Bloomberg) — Bed Bath & Beyond Inc. is attractive to advertise its Christmas Tree Shops and Cost Plus Apple Market chains, according to bodies accustomed with the matter, allotment of an advancing makeover of the home-goods company.
CONSTELLATION BRANDS, INC.
The bodies beneath to be articular because the action isn’t public.
Activist investors pressured the aggregation to adios Chief Controlling Officer Steven Temares aftermost year, allotment of an check to about-face abatement sales amidst antagonism from abatement chains and online merchants. Since then, the aggregation has replaced its administration team, including the arrangement of above top Target Corp. controlling Mark Tritton, cut its workforce and said it would accede asset sales.
A Bed Bath & Beyond agent beneath to comment. The aggregation said aftermost year it would analysis its portfolio of brands. It appear the auction of its One Kings Lane home adornment cast and PersonalizationMall.com, forth with a $250 actor sale-leaseback deal, this year.
Bed Bath & Beyond bought Christmas Tree, the Cape Cod, Massachusetts-based bagatelle and accouterments chain, in 2003. It now operates added than 70 food in 21 states, according to its website.
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Cost Plus began as a abundance at San Francisco’s Fisherman’s Wharf in 1958 that answer appurtenances from about the world. It now operates about 260 food affairs appliance and added home items. Bed Bath purchased the alternation in 2012.
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