Beyond Expands $5.2M Credit Facility Acquires Kirkland’s Trademarks

Beyond Inc. has expanded its credit facility with Kirkland’s, Inc. by $5.2 million to strengthen Kirkland’s financial position, support its store conversion strategy, and provide flexibility for working capital. As part of this strategic partnership, Beyond will acquire the rights to Kirkland’s brand trademarks and license them back to Kirkland’s for use in retail stores and e-commerce, broadening Beyond’s intellectual property portfolio. The amended collaboration agreement also allows Kirkland’s to open and operate Bed Bath & Beyond Home and buybuy BABY stores under updated licensing terms, while Beyond gains options to convert Kirkland’s debt into common stock. Despite the financial support and operational enhancements, Kirkland’s continues to face significant challenges, including declining revenues, negative cash flows, and ongoing material uncertainty about its ability to continue as a going concern. Beyond’s Executive Chairman views the expanded investment as a step toward creating a family of trusted retail brands and unlocking new revenue streams across multiple retail formats. The partnership includes governance changes and waivers of certain defaults by Kirkland’s, reflecting efforts to stabilize the retailer amid competitive market pressures.