Bed Bath & Beyond has completed the sale of its Christmas Tree Shops and Linen Holdings units, along with a Florence distribution center, it announced this week.
The Union-based home goods retailer said in a news release that it has finalized the three sales, worth a total of about $250 million, which were first announced in October.
“The timely completion of these transactions represents another important milestone in our comprehensive plan to simplify our portfolio, unlock the potential of our business and extend our authority in the home, baby, beauty and wellness markets,” CEO and President Mark Tritton said in a prepared statement. “We will continue to optimize our portfolio, including the potential sale of additional noncore assets.”
