Bed Bath & Beyond (BBBY) Reports Sale of PersonalizationMall.com to 1-800-FLOWERS.COM, Inc. for $252M
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Bed Bath & Beyond Inc. Announces Agreement To Sell PersonalizationMall.com
February 18, 2020 7:01 AM ESTUNION, N.J., Feb. 18, 2020 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq: BBBY) today announced that it has entered into a definitive agreement to sell its PersonalizationMall.com business to 1-800-FLOWERS.COM, Inc. for $252 million, subject to certain working capital and other adjustments.  Â
Commenting on the transaction, Mark Tritton, Bed Bath & Beyond's President & Chief Executive Officer, said, "This transaction is another important step towards simplifying our portfolio and deepening our focus on our core Home, Baby and Beauty businesses. By unlocking valuable capital from within our business, we can accelerate the... More
