Hilco Global's ReStore Capital has agreed to buy up to $120 million in merchandise for Bed Bath & Beyond so it can boost its inventory levels.
The home goods retailer has entered into a vendor consignment program with ReStore Capital, an investment manager under Hilco that provides "creative financing solutions" to struggling companies.
CEO Sue Gove said the company remains "relentless" in its attempts to overcome its operational and financial challenges. "We are doing what we must to sustain our business immediately and unlock our true value over the long-term – for all stakeholders."
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