Business

Bed Bath & Beyond’s rocky ride to bankruptcy filing

A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City123

April 20 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat.

In March, the company said it would sell $300 million worth of its shares to raise more capital and might have to file for bankruptcy if it failed to secure the funds.

Here's a look at some of the major developments at the retailer over the past year:

  • Retail & ConsumercategoryBed Bath & Beyond files for bankruptcy protection, begins liquidation sale, article with image11:12 AM UTC
  • Retail & ConsumercategoryAmazon rallies after research firm predicts upbeat retail sales, article with imageApril 21, 2023
  • LegalcategoryAmazon defeats consumer antitrust lawsuit over fulfillment centers, article with imageApril 21, 2023
  • Retail & ConsumercategoryWalmart offloads second e-fashion brand in days with focus on margins, article with imageApril 21, 2023

Source reuters.com

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