American bedroom retail chain Bed Bath & Beyond has confirmed the acquisition of US online furnishing brand One Kings Lane for an undisclosed sum.
Bed Bath & Beyond, which now exports to the UK, secured the deal to enhance its offering within furniture and home décor and sees the move as equal benefit for both companies, allowing additional support and exposure.
Steven H. Temares, chief executive officer Inc, said: "We have followed One Kings Lane and loved its site since its inception, and we are thrilled for the opportunity to provide them with additional support and exposure to promote and grow their brand.
“At the same time, One Kings Lane will serve as a cornerstone for Bed Bath & Beyond's growing offerings in furniture and home décor, and together we will be able to do even more for and with our collective customers wherever, whenever and however they wish to interact with us, and to further our mission to be viewed as the expert for the home."
Dinesh Lathi, chief executive officer of One Kings Lane, said: "This is a tremendous opportunity for our customers, as well as our employees and business partners, to benefit from additional support and resources and gain exposure to new customers.”