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Bed Bath and Beyond files for bankruptcy protection after long struggle
 [NYPOST] Bed Bath & Beyond filed for bankruptcy Sunday after the home goods retailer failed to secure funds to stay afloat.The retailer filed for Chapter 11 protection in New Jersey federal court, noting that its 360 Bed Bath & Beyond and 120 Buy Buy BABY stores and websites will remain open as it begins efforts to effect the closure of its retail locations."Thank you to all of our loyal customers," the company said in a statement. "We have made the difficult decision to begin winding down our operations." The company added that customers will have Sunday, Monday and Tuesday to use their remaining 20%-off coupons at their stores. Bed Bath officials said that the filing is meant "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." Related: Bed Bath : 2023-01-28 Bed Bath and Beyond defaults on credit line, warns it can't pay down debts Bed Bath : 2023-01-06 Bed, Bath, & Beyond To File For Bankruptcy 'Within Weeks' Bed Bath : 2022-09-04 Bed Bath & Beyond CFO, 52, is identified as man who jumped to his death from 18th floor of NYC's 'Jenga' tower - two days after firm announced plans to lay off 20% of staff and close 150 stores Related: Chapter 11: 2023-03-16 Diamond Sports files for bankruptcy ahead of start of MLB season Chapter 11: 2023-01-21 Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empire Chapter 11: 2023-01-06 Major court ruling in Crypto space… You don't own your coins… Posted by: Fred 2023-04-24 |
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