Beyond, Inc. Announces Sale of Corporate Headquarters Closing
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Beyond, Inc. has sold its corporate headquarters in Midvale, Utah, as part of its strategy to reduce debt and fixed costs, aiming for a $65 million annualized reduction. The company will maintain a presence in Salt Lake City.
December 20, 2024 | 6:30 pm
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Beyond, Inc. has sold its corporate headquarters to reduce debt and fixed costs, aiming for a $65 million annualized reduction. This move is part of a strategic plan to free up capital for growth.
The sale of the headquarters is a significant step in Beyond, Inc.'s strategy to reduce fixed costs and debt, which is likely to positively impact the company's financial health and stock price in the short term. The $65 million annualized cost reduction is substantial, and maintaining a presence in Salt Lake City suggests continuity in operations.
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