Buy Buy Baby auction is canceled, but buyers are still interested in making a bid
Publishing timestamp: 2023-07-07 17:33:05
Summary
Bed Bath & Beyond canceled the auction for its Buy Buy Baby chain due to a lack of buyers willing to keep the stores running. However, there are still parties interested in its assets, and Dream on Me Industries has agreed to purchase the chain's intellectual property for $15.5 million. The fate of the chain will be determined in a court hearing scheduled for Tuesday.
Sentiment: MIXED
Tickers: BBBY,
Keywords: retail industry, business news, corporate bankruptcy, breaking news: business, bed bath & beyond inc, business,
Source: https://www.cnbc.com/2023/07/07/buy-buy-baby-auction-canceled-bidders-still-interested.html