Beyond, Inc. Launches Global Licensing Program, Starting with Bed Bath & Beyond Brand
Beyond, Inc. (NYSE:BYON) has launched a global licensing program for the Bed Bath & Beyond brand. The program includes:
- Product licensing agreements for Bed Bath & Beyond branded textile goods
- Licensing agreement for Bed Bath & Beyond stores in Mexico
- Negotiations for stores in other global markets
The company granted a category license to PEM America for home textiles. The brand will cover four core pillars: bedroom, bathroom, kitchen, and patio. Beyond purchased Bed Bath & Beyond's intellectual property assets for $21.5 million in June 2023 and recently sold the Wamsutta brand for $10.25 million. The company aims to monetize its intellectual property and assets through partnerships with manufacturers and retailers.
Beyond, Inc. (NYSE:BYON) ha lanciato un programma di licensing globale per il marchio Bed Bath & Beyond. Il programma include:
- Accordi di licensing per prodotti di biancheria per la casa a marchio Bed Bath & Beyond
- Accordo di licensing per i negozi Bed Bath & Beyond in Messico
- Negoziazioni per negozi in altri mercati globali
L'azienda ha concesso una licenza di categoria a PEM America per i tessuti per la casa. Il marchio si concentrerà su quattro pilastri principali: camera da letto, bagno, cucina e patio. Beyond ha acquistato gli asset di proprietà intellettuale di Bed Bath & Beyond per 21,5 milioni di dollari nel giugno 2023 e recentemente ha venduto il marchio Wamsutta per 10,25 milioni di dollari. L'azienda mira a monetizzare la propria proprietà intellettuale e gli asset tramite collaborazioni con produttori e rivenditori.
Beyond, Inc. (NYSE:BYON) ha lanzado un programa global de licencias para la marca Bed Bath & Beyond. El programa incluye:
- Acuerdos de licencia de productos para artículos textiles de la marca Bed Bath & Beyond
- Acuerdo de licencia para las tiendas Bed Bath & Beyond en México
- Negociaciones para tiendas en otros mercados globales
La compañía otorgó una licencia de categoría a PEM America para textiles para el hogar. La marca abarcará cuatro pilares principales: dormitorio, baño, cocina y patio. Beyond adquirió los activos de propiedad intelectual de Bed Bath & Beyond por 21,5 millones de dólares en junio de 2023 y recientemente vendió la marca Wamsutta por 10,25 millones de dólares. La compañía busca monetizar su propiedad intelectual y activos a través de asociaciones con fabricantes y minoristas.
비욘드 주식회사 (NYSE:BYON)는 Bed Bath & Beyond 브랜드에 대한 글로벌 라이센스 프로그램을 출시했습니다. 이 프로그램에는:
- Bed Bath & Beyond 브랜드 섬유 제품에 대한 라이센스 계약
- 멕시코에 있는 Bed Bath & Beyond 매장에 대한 라이센스 계약
- 다른 글로벌 시장에 대한 매장 협상
회사는 PEM America에 홈 텍스타일에 대한 카테고리 라이센스를 부여했습니다. 이 브랜드는 네 가지 주요 기둥인 침실, 욕실, 주방 및 파티오를 다룰 것입니다. 비욘드는 2023년 6월에 Bed Bath & Beyond의 지적 재산권 자산을 2150만 달러에 구입하였고, 최근 Wamsutta 브랜드를 1025만 달러에 판매했습니다. 회사는 제조업체 및 소매업체와의 파트너십을 통해 지적 재산권 및 자산을 수익화할 계획입니다.
Beyond, Inc. (NYSE:BYON) a lancé un programme de licence mondial pour la marque Bed Bath & Beyond. Le programme comprend :
- Accords de licence pour des produits textiles portant la marque Bed Bath & Beyond
- Accord de licence pour les magasins Bed Bath & Beyond au Mexique
- Négociations pour des magasins dans d'autres marchés mondiaux
L'entreprise a accordé une licence de catégorie à PEM America pour les textiles domestiques. La marque couvrira quatre piliers principaux : chambre, salle de bain, cuisine et patio. Beyond a acheté les actifs de propriété intellectuelle de Bed Bath & Beyond pour 21,5 millions de dollars en juin 2023 et a récemment vendu la marque Wamsutta pour 10,25 millions de dollars. L'entreprise vise à monétiser sa propriété intellectuelle et ses actifs par le biais de partenariats avec des fabricants et des détaillants.
Beyond, Inc. (NYSE:BYON) hat ein globales Lizenzprogramm für die Marke Bed Bath & Beyond gestartet. Das Programm umfasst:
- Lizenzverträge für textile Waren der Marke Bed Bath & Beyond
- Lizenzvertrag für Bed Bath & Beyond-Filialen in Mexiko
- Verhandlungen für Filialen in anderen globalen Märkten
Das Unternehmen hat eine Kategorielizenz an PEM America für Heimtextilien vergeben. Die Marke wird sich auf vier Kernbereiche konzentrieren: Schlafzimmer, Badezimmer, Küche und Patio. Beyond erwarb im Juni 2023 die geistigen Eigentumsrechte von Bed Bath & Beyond für 21,5 Millionen Dollar und verkaufte kürzlich die Marke Wamsutta für 10,25 Millionen Dollar. Das Unternehmen hat das Ziel, sein geistiges Eigentum und seine Vermögenswerte durch Partnerschaften mit Herstellern und Einzelhändlern zu monetarisieren.
- Launch of global licensing program for Bed Bath & Beyond brand
- Expansion into multiple retail channels including mass market and online marketplaces
- Licensing agreement for Bed Bath & Beyond stores in Mexico
- Category license granted to PEM America for home textiles
- Sale of Wamsutta brand rights for $10.25 million
- None.
Insights
Beyond's launch of a global licensing program for the Bed Bath & Beyond brand is a strategic move to monetize acquired intellectual property. The company's
This licensing strategy could potentially generate significant recurring revenue without the operational costs of running physical stores. However, the success hinges on consumer reception and the quality of licensed products. Investors should monitor the revenue impact in upcoming quarterly reports to gauge the program's effectiveness.
While promising, it's important to note that brand licensing carries risks, including potential brand dilution if not managed properly. The company's ability to maintain brand integrity across various channels will be key to long-term success.
Beyond's global licensing program for Bed Bath & Beyond is a calculated attempt to revitalize a well-known brand in a cost-effective manner. By leveraging the brand's recognition across multiple retail channels, Beyond aims to capture market share without the overhead of extensive brick-and-mortar operations.
The strategy aligns with current retail trends, where brand presence across various platforms is increasingly important. The inclusion of mass market, off-price and online marketplaces suggests a broad approach to reach diverse consumer segments.
However, success will depend on how well the brand resonates with consumers in its new incarnation. The "aspirational yet attainable" positioning could be appealing, but Beyond must ensure consistent quality across licensed products to maintain brand equity. Investors should watch for early adoption rates and consumer feedback as indicators of the program's potential.
— Brings this Iconic Brand Back to Consumers in Multiple Channels —
- Product licensing agreements to sell Bed Bath & Beyond branded textile goods through other retailers, including mass market, off-price, and online marketplaces
-
Licensing agreement for Bed Bath & Beyond stores in
Mexico - Negotiations are in progress for stores in other key markets around the globe
Under the new global product licensing program, the Bed Bath & Beyond branded assortment will include everything in its four core pillars: the bedroom, the bathroom, the kitchen, and the patio. The Company granted a category license to PEM America, a leading home textiles manufacturer with a long history of producing both licensed and private label products. The PEM America license will span its entire product category base and include fashion bedding, utility bedding, sheets, bath linens and accessories, and window and soft home décor.
“We’re thrilled to bring the beloved Bed Bath & Beyond brand back to life in this new and exciting way,” said Marcus Lemonis, Executive Chairman of Beyond, Inc. “Through affordable, quality goods that will soon be on retail shelves – both physical and online – we’re reinvigorating the brand and returning it to its core. The Bed Bath & Beyond brand is both aspirational and attainable, and our brand will continue to reflect these values.”
“In June 2023, we purchased certain intellectual property assets of Bed Bath & Beyond for
“We are excited to unlock the value of the Bed Bath & Beyond brand in new and meaningful ways,” added Alexander Thomas, SVP Finance and Corporate Development. “We will continue to explore partnerships with manufacturers and retailers who share our vision – and know how much customers will welcome our celebrated brand into their homes.”
Interested parties should contact brandlicensing@beyond.com.
About Beyond
Beyond, Inc. (NYSE:BYON), based in
Beyond, Bed Bath & Beyond, Welcome Rewards, Zulily, Overstock and Backyard are trademarks of Beyond, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact, including but not limited to statements regarding licensing arrangements under the Bed Bath & Beyond brand and any corresponding growth potential, benefit or value, partnerships and performance thereunder, scope of products offered, product prices, customer engagement, and timing and duration of the product licensing program and corresponding results. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC on February 23, 2024, on Form 10-Q for the quarter ended June 30, 2024, filed with the SEC on July 31, 2024, and in our subsequent filings with the SEC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240910973098/en/
Alexis Callahan, VP of Investor Relations & Public Relations
ir@beyond.com
pr@beyond.com
Alexander Thomas, SVP Finance & Corporate Development
brandlicensing@beyond.com
Source: Beyond, Inc.
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