June 14, 2023: Bed Bath & Beyond’s brand name may be the most significant part of the failed retailer that lives on.
On Tuesday, according to court papers filed, the home goods chain, which owns Buy Baby stocks, received a $21.5 million offer from online retailer Overstock.com for some of its assets, including its intellectual property.
Overstock.com’s stalking horse offer, which will set the floor for the expected bankruptcy-run auction, also includes the business internet, mobile properties, and all company data. The offer doesn’t include Bed Bath & Beyond or Buy Buy Baby’s store locations conducting going-out-of-business sales.
Competing offers are due by Friday. Bed Bath said in a statement it is still soliciting other offers. The auction is anticipated to take place on June 21.
The sale process had been extended recently as discussions had continued with prospective stalking horse bidders.
In recent weeks discussions have centered around the assets for Buy Buy Baby, often regarded as the crown jewel of the Bed Bath & Beyond portfolio. The Buy Buy Baby assets, in particular, had attracted interested bidders.
It’s long been assumed that Bed Bath & Beyond’s stores wouldn’t attract interest, although it was previously reported that bidders were interested in its digital assets.
Bed Bath & Beyond had sought Chapter 11 protection in April, following months of multiple fallen turnaround efforts and bankruptcy warnings.
The retailer had 360 namesake stores and 120 Buy Buy Baby locations open when it filed for insolvency. It had yet committed to closing all of its Harmon FaceValue stores.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
May 28, 2025: SpaceX’s latest Starship test flight, conducted on May 27, 2025, ended in failure when the spacecraft’s upper stage broke apart during its descent over the Indian Ocean.
May 27, 2025: Greek Coastguards Charged Over 2023 Pylos Migrant Shipwreck That Killed Hundreds
May 27, 2025: Volvo to Cut 3,000 Jobs in Europe as Part of $1.9B Restructuring Amid EV Slowdown and Tariff Pressures.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
