Bed Bath & Beyond looks for capital infusion, buyer ahead of likely bankruptcy filing
Publishing timestamp: 2023-01-18 16:22:12
Summary
Bed Bath & Beyond has been in discussions with lenders and prospective buyers in an attempt to keep its business afloat and avoid bankruptcy. Interested buyers include Sycamore Partners and Authentic Brands. The company has been struggling with declining sales and inventory, and has a heavy debt load. Bankruptcy attorney Eric Snyder believes that bankruptcy and liquidation are the only options for the company.
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