Buy Buy Baby stores set to shutter as Go Global's deal to save chain falls apart at eleventh hour
Publishing timestamp: 2023-07-11 20:29:09
Summary
The article discusses the failed acquisition of Buy Buy Baby by Go Global Retail, the owner of Janie and Jack. Dream on Me Industries, a little-known retailer and former supplier of Buy Buy Baby, won the chain's trademark and digital assets for $15.5 million in a bankruptcy court hearing. Buy Buy Baby's stores are set to disappear after efforts to save the chain fell apart. Go Global Retail was unable to reach an agreement on valuation with Bed Bath & Beyond's lead creditor, Sixth Street Partners. The article highlights the disappointment of the judge and attorneys involved in the case.
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Keywords: breaking news: business, retail industry, business, bed bath & beyond inc, business news,
Source: https://www.cnbc.com/2023/07/11/this-is-why-go-globals-deal-to-save-buy-buy-baby-fell-apart.html