Bed Bath & Beyond files for bankruptcy in the US
Posted on AllSides April 24th, 2023
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Embattled retail giant Bed Bath & Beyond has filed for Chapter 11 bankruptcy protection in US.
The company says it will "implement an orderly wind down of its business", including its Buy Buy Baby brand, and close all 475 of its remaining stores by the end of June.
It added that it was seeking buyers for some or all of its assets.
The chain, which has faced financial troubles for years, recently said it would cut jobs and close 150 stores.
Last month, the company announced that it would sell...
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