附錄 99.1
由container store集團提交。
根據1934年證券交易所法案第14a-12條規定
主體公司:Container Store集團公司。
委託文件編號: 001-36161
Container Store集團和Beyond公司宣佈戰略合作,充分利用雙方優勢
the Iconic Bed Bath and Beyond品牌和container store
Beyond, Inc.進入協議,通過優先股交易向container store集團投資4000萬美元。
Coppell, 德克薩斯州 & 猶他州中間瓦爾 – 2024年10月15日 – 容器商店集團,Inc.(紐交所: TCS)("容器商店" 或"公司"), 美國領先的專業零售商,提供定製空間、整理解決方案、以及 家庭服務以及Beyond, Inc.(紐交所: BYON)("Beyond"),牀浴及 Beyond、Overstock、Zulily和其他在線零售品牌所有者,設計用於挖掘您家園潛力,今日宣佈公司已達成戰略合作關係 旨在利用標誌性的Bed Bath和Beyond品牌以及Container Store改進傳統體驗。
公司打算通過利用和從Beyond的知識產權、客戶數據、品牌網絡和關聯關係中獲益,使The Container Store能夠隨着時間的推移重新實現可比銷售增長、盈利。
公司希望合作的關鍵方面包括:
· | 利用container store世界一流的房地產業位置,並利用Bed Bath & Beyond品牌推出適當大小的空間,展示標誌性的廚房、浴室和臥室Bed Bath & Beyond系列產品,這些產品將聯合品牌。通過這種合作,公司期望增加The Container Store核心產品線和高毛利、解決方案驅動的定製空間服務業務的客流量; |
· | Beyond將通過container store實體店和網站提供全球忠誠計劃、多種支付解決方案以及附屬保險和保護產品,以利用Custom Spaces的空白機會,增加設計線索的轉化率,推動通過這一成熟的垂直一體化模式實現增長; |
· | 在整合container store獨特和專有的定製空間產品線,包括其Elfa和Preston系列,在Beyond的電子商務橫幅以及其他未來Bed Bath and Beyond許可店存在的業務中,這將有助於推動營業收入、庫存週轉率和利潤率的提高,同時改善兩家公司的客戶體驗 ; |
· | container store將加入Beyond不斷髮展的數據平台,兩家公司都將受益於增強的客戶分析,container store將利用這些分析來提高轉化率、增加流量,降低客戶獲取和保留成本;並 |
· | 幫助拓展和更新電子商務平台和戰略,推動改善客戶體驗、客戶轉化、流量變現和盈利能力。 |
作爲合作條款的一部分,Beyond公司已同意通過優先股交易向container store投資4000萬美元,但僅受限於某些條款和條件,包括container store信貸設施的修改或再融資,必須以商業上可接受的方式進行。
我們對這一合作帶來的機遇感到興奮。我們相信其帶來的好處將進一步推動我們的戰略舉措,包括加深與客戶的關係,擴大覆蓋範圍,強化我們的能力,加速實現同店銷售增長和盈利能力的回升。該協議將使我們能夠利用Beyond的數據平台和分析能力更好地識別並定位客戶在購買旅程中的關鍵時刻,並加強與新老客戶的溝通。它將使我們能夠擴大我們的覆蓋範圍,爲我們在合併網絡中拓展途徑,並使我們能夠利用Beyond的電子商務專業知識來發展我們自己的全渠道工具和能力,”Container Store的首席執行官Satish Malhotra表示。 “Beyond對這一合作的熱情體現在他們計劃投資Container Store加強我們的財務狀況,使我們能夠繼續執行增長策略,爲客戶提供最優質的體驗。我們期待在即將舉行的業績會上分享更多信息。
Beyond, Inc.的執行主席馬庫斯•萊蒙尼斯評論道:「我們看到container store在整個Beyond系列中的巨大空白,特別是在其高毛利的定製空間產品中,通過專有的Elfa和Preston系列。我們將建立一個領先的管理和轉化模型,結合各種消費金融產品,以獲得份額並利用一個生產能力充裕且尚未開發的垂直一體化製造業平台。通過授權Bed Bath and Beyond品牌,container store將通過將最受歡迎的Bed Bath&Beyond產品納入其店鋪格式和當前的綜合商品供應中,提高財務表現,同時爲客戶提供更豐富的家居和組織需求產品提供。」
Lemonis補充道:「這樣的合作進一步支持了利用各自資產和核心競爭力的標誌性品牌之間的價值,同時改善了客戶轉化率和留存率,提升了利潤率並優化了營銷開支,這些是交付價值創造和盈利增長的主要推動因素。」
交易條款
根據證券購買協議,並視公司再融資或修訂其擔保授信額度而定,container store將發行大約40,000股 一種 新創建的公司優先股系列(「b系列優先股」)給Beyond,總購買 價爲$40,000,000.
在2024年第四季度或2025年第一季度,公司再融資或修改信貸設施,並經股東投票批准,以及滿足某些其他條件後,優先股將以每股17.25美元的價格轉換爲普通股,這將導致Beyond持有The Container Store約40%的普通股權益。
Latham & Watkins LLP擔任Container Store的法律顧問,JP Morgan擔任他們的財務顧問。King & Spaulding LLP擔任Beyond的法律顧問,高盛擔任他們的財務顧問。
此外,container store宣佈已與摩根大通達成協議,修訂了2012年4月6日簽訂的現有貸款信貸協議。 Chase銀行,N.A.,作爲代理人及出席方向貸款方宣佈。
交易的其他細節包含在提交給SEC的8-K表格中。
關於container store集團公司。
Container Store集團股份有限公司(紐交所:TCS)是全國領先的專業零售商,提供整理解決方案、定製空間和上門服務– 這是他們在1978年提出的概念板塊。如今,在全國各地設有門店,該零售商提供超過10,000種產品,旨在通過組織的力量改變生活。
Visit www.containerstore.com for more information about products, store locations, services offered and real-life inspiration.
Follow The Container Store on Facebook, X, Instagram, TikTok, YouTube, Pinterest, and LinkedIn.
About Beyond
Beyond, Inc. (NYSE: BYON), 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. The Company 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. Beyond regularly posts information about the Company and other related matters on the Newsroom and Investor Relations pages on its website, Beyond.com.
Beyond, Bed Bath & Beyond, Welcome Rewards, Zulily, Overstock and Backyard are trademarks of Beyond, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.
Additional Information About the Transaction and Where to Find It
This communication relates to, among other things, the proposed transaction of the issuance of preferred stock by the Company pursuant to the definitive documents, which provides that the Company shall use efforts to call and hold a special meeting of the stockholders of the Company, as promptly as reasonably practicable following the closing of the transaction, to seek stockholder approval. In connection with the proposed special meeting of stockholders to seek stockholder approval, the Company will file relevant materials with the Securities Exchange Commission (the “SEC”), including the Company’s proxy statement on Schedule 14A (the “Proxy Statement”). This communication is not a substitute for the Proxy Statement or any other document that the Company may file with the Securities Exchange Commission or send to its stockholders in connection with the proposed transaction. INVESTORS AND STOCKHOLDERS OF THE CONTAINER STORE ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE CONTAINER STORE AND THE PROPOSED TRANSACTION. Investors may obtain a free copy of these materials (when they are available) and other documents filed by The Container Store with the SEC at the SEC’s website at www.sec.gov or from The Container Store at its website at https://investor.containerstore.com.
Participants in the Solicitation
The Container Store and certain of its directors, executive officers and other members of management and employees may be deemed to be participants in soliciting proxies from its stockholders in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be considered to be participants in the solicitation of The Container Store’s stockholders in connection with the proposed transaction will be set forth in The Container Store’s definitive proxy statement for its stockholder meeting at which the proposed transaction will be submitted for approval by The Container Store’s stockholders. You may also find additional information about The Container Store’s directors and executive officers in The Container Store’s Annual Report on Form 10-K for the fiscal year ended March 30, 2024, which was filed with the SEC on May 28, 2024, The Container Store’s Definitive Proxy Statement for its 2024 annual meeting of stockholders, which was filed with the SEC on July 9, 2024, and in subsequently filed Current Reports on Form 8-K and Quarterly Reports on Form 10-Q.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the terms and potential benefits of our collaboration with Beyond; expectations regarding positive same store sales growth, improved profitability and creating shareholder value; Beyond’s potential equity investment, the potential amendment or refinancing of our debt; and our strategies, priorities, challenges and initiatives and growth opportunities. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, risks relating to our collaboration with Beyond; the equity investment by Beyond is subject to conditions, including our ability to amend or refinance our debt in a manner commercially acceptable to Beyond; and the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K on May 28, 2024 filed with the Securities and Exchange Commission (the “SEC”) and our other reports filed with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
Investors:
ICR, Inc. Farah Soi/Caitlin Churchill
203-682-8200
Farah.Soi@icrinc.com
Caitlin.Churchill@icrinc.com
Media:
ICR, Inc. Phil Denning/Lee Pacchia
332-242-4366
Phil.Denning@icrinc.com
Lee.Pacchia@icrinc.com