Bed Bath & Beyond has filed for bankruptcy protection, but the company says its stores and websites will remain open and continue serving customers.
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.
In a statement, the company says it voluntarily made the filing “to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.”
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Struggling Bed Bath & Beyond files for bankruptcy protectionBed Bath & Beyond has filed for bankruptcy protection, but the company says its stores and websites will remain open and continue serving customers. 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 based in Union, New Jersey, failed to secure funds to stay afloat. In a statement, the company says it voluntarily made the filing 'to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.”
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Struggling Bed Bath & Beyond files for bankruptcy protectionBed Bath & Beyond has filed for bankruptcy protection, but the company says its stores and websites will remain open and continue serving customers.
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Struggling Bed Bath & Beyond files for bankruptcy protectionBed Bath & Beyond has filed for bankruptcy protection, but the company says its stores and websites will remain open and continue serving customers.
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Bed Bath & Beyond considers asset sales, Sixth Street bankruptcy loan - Bloomberg NewsBed Bath & Beyond Inc is considering sales of assets and intellectual property as part of a potential bankruptcy filing that could come as soon as this weekend, Bloomberg News reported, citing people with knowledge of the situation.
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