Beyond, Inc. Invests in The Container Store

King & Spalding advised our client, Beyond, Inc. (NYSE: BYON), as it entered into a definitive agreement with The Container Store Group, Inc. (NYSE: TCS) to effectuate a strategic transaction whereby (i) Beyond will make a $40M investment in a new class of TCS preferred stock and (ii) Beyond and TCS will form a partnership to position TCS to return to profitable comparable store growth over time by utilizing and benefitting from Beyond’s IP, customer data, network of brands and affiliate relationships. Beyond, based in Midvale, Utah, is an ecommerce expert with a singular focus: connecting consumers with products and services that unlock their families’ and homes’ potential. Beyond owns Overstock, Bed Bath & Beyond, Baby & Beyond, Zulily, and other related brands and associated intellectual property. Its suite of online shopping brands features millions of products for various life stages that millions of customers visit each month. TCS, based in Coppell, Texas, is the nation’s leading specialty retailer of organizing solutions, custom spaces, and in-home services – a concept they originated in 1978. Today, with locations nationwide, the retailer offers more than 10,000 products designed to transform lives through the power of organization. The King & Spalding team advising Beyond, Inc. on this investment consisted of Tim FitzSimons, John Anderson, Zack Davis, Connor Ciepluch, Jerome Hughes, Jill Rubinger, Archie Wilson, and Delarin Yemi-Sofumade. A press release announcing the transaction can be found here.