Bed Bath & Beyond Mulls Asset Sale, Sixth Street Bankruptcy Loan
- Retailer is looking to sell assets, IP via possible bankruptcy
- Sixth Street provided a rescue loan to company last year
A Bed Bath & Beyond store in the Brooklyn borough of New York, earlier in February.
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
Bed Bath & Beyond Inc. is considering selling assets and intellectual property as part of a potential bankruptcy filing that could come as soon as this weekend, according to people with knowledge of the situation.
The retailer is also looking to line up funding from Sixth Street Partners to support its operations through Chapter 11 proceedings, said the people, who asked not to be identified because the details are private. Talks remain fluid and plans could still change, the people said.