Buy Buy Baby and Harmon stores are reopening after buyers struck deals on the bankrupt brands. Investor groups led by SB360 Capital Partners have purchased the Harmon Face Values and Buy Buy Baby retail businesses from Bed Bath & Beyond Inc for a reported $250 million. The two brands had been acquired by parent company Bed Bath & Beyond in 2008 and were later spun-off into the subsidiary, Harmon Stores, LLC in 2014.
Combined, the two brands operate more than 200 stores nationwide. Bed Bath & Beyond has announced that around 140 Buy Buy Baby and Harmon stores across the United States are expected to reopen in the coming weeks, while the remaining locations are expected to open later in the year.
The stores will open their doors with health and safety protocols in place to prevent the spread of COVID-19, including sanitizing stations at the entrances, limiting the amount of customers allowed in the store, and providing masks and gloves for employees. Customers are also encouraged to shop online or curbside pickup if possible, to reduce the number of people in-store.
The reopening of Buy Buy Baby and Harmon stores is expected to bring back jobs to communities nationwide, helping to boost local economies. With both brands in the hands of a new owner, it’s likely that we could see new promotions, more sales, and new products in both stores in the coming months.