Beyond's Focus Shift Means New Parent For Zulily Brand [Yahoo! Finance]
Beyond, Inc. (BYON)
Company Research
Source: Yahoo! Finance
Beyond entered into a deal to sell a majority stake in Zulily to Lyons Trading Company. The 75 percent stake was sold for $5 million, with Beyond keeping at 25 percent interest in the brand. Lyons operates the online off-price retailer Proozy.com More from Sourcing Journal China, Hong Kong Cry Foul on Panama Ports Deal Chinese State Media Rips Into BlackRock-Hutchison Panama Ports Deal Shuffle Board: Spinnova CEO Resigns, Vitale Joins Versace “We have made significant progress in improving the performance of Bed Bath & Beyond and Overstock.com through sequential margin improvement, improved site experience, vendor consolidation and right-sizing our fixed expenses, Beyond's president and CFO Adrianne Lee said. “With the recent acquisition of BuyBuy Baby, we want our team laser focused on our core brands as we march towards profitability.” Beyond inked its deal to acquire BuyBuyBaby last month for $5 million. The deal brought back the baby banner and the Bed Bath & Beyond b
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