Bed Bath & Beyond Renews Bankruptcy Talks as Rescue Stalls
- Retailer warned bankruptcy was close without new financing
- Company has shuttered hundreds of stores in recent months
A Bed Bath & Beyond store in Westbury, New York.
Photographer: Johnny Milano/BloombergThis article is for subscribers only.
Bed Bath & Beyond Inc. is once again laying the groundwork for a bankruptcy filing as its last-ditch efforts to raise cash come up short.
The retailer is holding talks with advisers and lenders ahead of a Chapter 11 filing that could come in the next few weeks, according to people with knowledge of the conversations, who asked not to be named discussing private plans. Bed Bath & Beyond is also looking at financing options to help fund itself during bankruptcy, the people added.