The New York Times has reported that Bed Bath & Beyond is the in the process of selling chief assets like Buy Buy baby to Sycamore Partners in New York.
Alongside other key assets, the retailer’s Buy Buy Baby stores will reportedly be cut free after showing another dip in sales over the third quarter, according to the article.
The company's buybuy Baby chain, which sells products for infants and toddlers, helped Bed Bath & Beyond obtain a loan worth $375 million last year.A spokesperson for Bed Bath & Beyond told FOX Business on Friday, "As is our practice, we do not comment on speculation of this nature." Meanwhile, the New York-based equity group also declined comment on the potential sale. Sycamore invests in consumer goods firms and retailers. It hit the headlines last year with its takeover bid for department store chain Kohl's Corp.The troubled home goods retailer posted a bigger-than-expected quarterly loss and a plunge in sales on Tuesday, after saying last week it was exploring options, including bankruptcy, as it struggled with a dwindling cash pile.
The retailer reported an adjusted loss of $3.65 per share, wider than Wall Street's estimate of a $2.23 per share loss.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bed Bath & Beyond store closings: 62 more added to list, here are latest closures by stateThe retailer — which also operates buybuy Baby stores and Harmon — will close 62 Bed Bath & Beyonds in addition to the 56 stores announced in September, bringing to total of store closings to 120.
Leer más »
Bed Bath & Beyond following ‘meme phenomenon’: Will it be enough to avoid bankruptcy?Shares of Bed Bath & Beyond remain elevated after the domestic merchandise retailer announced measures to avoid bankruptcy, spurring a short-selling rally.
Leer más »
Bed Bath & Beyond may be heading for a ‘meme squeeze’Despite the retailer's financial woes, the stock enjoyed its largest-ever percentage gain on Wednesday.
Leer más »
Texas got off lightly in latest Bed Bath & Beyond store closingsSelect stores are expected to be closed by March. Bed Bath & Beyond in Lake Worth has already closed.
Leer más »
Bed Bath and the great BeyondBed Bath & Beyond signaled that it may need to file for bankruptcy. It was the “Beyond” that always captured imaginations, like a $179 comforter, 20 percent off with a coupon. There was always a coupon. Until recently, writes Maura Judkis in Style.
Leer más »
Bed Bath & Beyond Faces Debt Interest Payment Test in FebruaryBed Bath & Beyond Inc. may find it hard to justify making coming interest payments of roughly $28 million as its cash dwindles.
Leer más »