Bed Bath beefs up legal team ahead of possible bankruptcy filing in New Jersey
Publishing timestamp: 2023-01-20 12:42:09
Summary
Bed Bath & Beyond has hired a legal advisor and is preparing for a potential bankruptcy filing in New Jersey in the coming weeks. The company has been struggling with debt, declining sales, and widening losses, and is looking for financing to keep it afloat during the filing. The company has hired law firm Cole Schotz and consulting firm AlixPartners to assist in the filing. Despite efforts to avoid bankruptcy, it is likely to occur in the weeks ahead.
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Keywords: business news, bed bath & beyond inc, corporate bankruptcy, party city holdco inc, business, retail industry,