Kirkland's, Inc. announced on February 5, 2025, that its shareholders approved the issuance of common stock to Beyond, Inc., with 97% of votes cast in favor. This approval finalized the strategic partnership and a $25 million capital infusion from Beyond, Inc.
Following the shareholder vote, Beyond, Inc. completed an $8 million equity purchase and the mandatory conversion of an $8.5 million convertible term loan. This transaction means Beyond, Inc. now owns approximately 40% of Kirkland's outstanding common stock.
CEO Amy Sullivan stated that this marks a pivotal moment for Kirkland's, unlocking new drivers of transformation and providing additional capital for fiscal 2025. Plans are underway for the first Bed Bath & Beyond store opening later in 2025, leveraging Kirkland's merchandising and store operations expertise.
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