Bed Bath & Beyond Selling Christmas Tree Shops Brand and 2 Other Assets For $250 Million

The company announced on Tuesday that it has reached agreements to unload its Christmas Tree Shops retail brand, its Linen Holdings unit, and a New Jersey distribution center. The buyer in the most significant divestment, that of Christmas Tree Shops, is privately held Handil Holdings. Part of the deal between the two companies is a transition service agreement that will kick in at the close of the transaction and "help ensure business continuity, particularly during the upcoming holiday season," according to Bed Bath & Beyond.