Bed Bath & Beyond filed for bankruptcy protection in New Jersey Sunday. The US home goods retailer warned last year that it had "serious doubt" about surviving. The chain has closed hundreds of stores, cut jobs and taken other steps in recent years in a bid to shore up its finances.
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Times of India
Struggling Bed Bath & Beyond files for bankruptcy protection
The beleaguered home goods chain made the filing Sunday in U.S. District Court in New Jersey, listing its estimated assets and liabilities in the range of $1 billion and $10 billion. The move comes after the company failed to secure funds to stay afloat.
Bed Bath & Beyond CFO Gustavo Arnal falls to death at New York's Jenga tower
Bed Bath & Beyond Inc.'s chief financial officer fell to his death from New York's Tribeca skyscraper known as the 'Jenga' tower on Friday afternoon, police said, just days after the company said it was closing several stores.