Bed Bath & Beyond in talks to sell Buybuy Baby to Go Global Retail - WSJ (updated)

Bed Bath & Beyond

05/06/2023 22:25

(Adds background throughout)
       June 5 (Reuters) - Bed Bath & Beyond Inc is in talks to
sell its Buybuy Baby chain to retail investment firm Go Global
Retail, the Wall Street Journal reported on Monday citing people
familiar with the matter.
    Bed Bath & Beyond filed for bankruptcy in April and
initiated a liquidation sale after struggling with weak demand
and mounting losses. 
    The company had said at the time that it planned to use the
Chapter 11 proceedings to seek outside buyers who could keep its
business going or purchase assets such as the baby gear chain.
    Go Global Retail owns children's clothing brand Janie and
Jack and womenswear label ModCloth. 
    Bed Bath & Beyond and Go Global Retail did not immediately
respond to Reuters' requests for comments. 


 (Reporting by Deborah Sophia in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((DeborahMary.Sophia@thomsonreuters.com;))