Kingswood Capital, a private equity firm, completed the acquisition of Cost Plus World Market, a chain of specialty/import retail stores, from Bed Bath & Beyond, an American chain of domestic merchandise retail stores. Financial terms were not disclosed. "The completion of this transaction marks the conclusion of our work to streamline our portfolio. These efforts will help fund our transformation and put us in the position to start fiscal 2021 with a more cohesive set of core businesses in Home, Baby, Beauty & Wellness. We remain committed to driving sales and margin growth, generating cash and investing in our business plan to drive shareholder value," Mark Tritton, Bed Bath & Beyond President and CEO.