The company has suffered financial issues since 2019.
Home goods retailer Bed Bath & Beyond filed for chapter 11 bankruptcy and is preparing to close its remaining stores, the company announced Sunday, after months of speculation the suffering chain would make the financial move.Key Facts, Bed Bath & Beyond said it filed chapter 11 bankruptcy in New Jersey, and has begun a “limited sale and marketing process for some or all of its assets.”
Bed Bath & Beyond received $240 million from Sixth Street Specialty Lending, Inc. in funding to keep its retail locations and websites operating during the bankruptcy process.
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Bed Bath & Beyond files for bankruptcy protection after long struggleBed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat.
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Bed Bath & Beyond files for Chapter 11 bankruptcyBed Bath & Beyond filed on Sunday for Chapter 11 bankruptcy, the retailer said in a press release.
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Bed Bath & Beyond Files for Bankruptcy ProtectionBed Bath & Beyond has filed for bankruptcy after a series of last-ditch efforts to raise enough equity to keep the business alive failed at the eleventh hour.
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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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