BUZZ-Home decor retailer Kirkland's rises on partnership with Bed Bath & Beyond owner

Reuters10-21

** Shares of home decor retailer Kirkland's up ~10% at $2.19 premarket

** Co partners with Bed Bath & Beyond owner Beyond to become exclusive brick-and-mortar operator and licensee for smaller-format locations nationwide

** KIRK says Beyond to invest $25 mln through combined debt and equity deal to strengthen KIRK's capital position and fuel growth initiatives

** Expect investment from Beyond will not only enhance our financial performance but also provide opportunities to introduce Kirkland's to new customers in a cost-efficient manner - KIRK CEO Amy Sullivan

** Shares of Beyond up ~2% at $10.70 premarket

** Up to last close, KIRK down nearly 34% YTD, BYON down ~62% YTD

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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