Kirkland's Finalizes $25 Million Investment From Beyond, Inc.

Shareholders of Kirkland’s have approved an $8 million equity purchase from Beyond, Inc., the next step in the growing partnership between the two home furnishings retailers.

Beyond has now provided Kirkland's with a total of $25 million of capital and now owns approximately 40% of Kirkland's outstanding shares of common stock.

Calling this a pivotal moment for Kirkland’s, its CEO Amy Sullivan said, “As we look ahead, together with the Beyond team we will continue to leverage Kirkland's core strengths including our merchandising, store operations and supply chain expertise and infrastructure to build a cohesive omni-channel strategy for Beyond's portfolio of iconic brands. Plans are underway for our first Bed Bath & Beyond store opening later this year, and we look forward to continuing to explore opportunities to maximize the value of our partnership.”

Marcus Lemonis, executive chairman of Beyond, added, "Our investment and the overwhelming shareholder support reinforces the value we see in Kirkland's and its management team. Through this strategic partnership we are committed to leveraging the strengths of each company to drive long-term sustainable growth as we work together to build the omni-channel strategy across our family of brands.”