Bed Bath & Beyond canceled an auction for its Buy Buy Baby business, but the chain could still end up being saved.
Bed Bath & Beyond canceled an auction for Buy Buy Baby, but the chain could still end up being saved.
Dream on Me Industries, a former supplier to Buy Buy Baby, has agreed to purchase the chain's intellectual property for $15.5 million if no better bids arise."Store Closing" signs at a Buy Buy Baby store in the Brooklyn borough of New York, on Monday, Feb. 6, 2023.canceled a Friday auction for its Buy Buy Baby chain because it failed to secure a buyer willing to keep its stores running – but it's not quite over for the baby retailer just yet, CNBC has learned.
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Bed Bath & Beyond ends auction for Buy Buy Baby storesBankrupt retailer Bed Bath & Beyond has ended its efforts to find a buyer for its entire Buy Buy Baby business, and it will instead seek U.S. court approval for a more limited sale of Buy Buy Baby's intellectual property assets.
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Bed Bath & Beyond ends auction for Buybuy Baby stores over low bidsThe bankrupt retailer pursued a similar strategy for its own intellectual property — selling its name, customer data, and online assets to Overstock.com for $21.5M.
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Sens. Warren, Booker grill failed retailer Bed Bath & Beyond over allegedly denying severanceThe retailer filed for bankruptcy in April and began closing stores and laying off workers.
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BuyBuy Baby stores going dark after bankruptcy auction faltersBed Bath & Beyond failed to find a buyer for the whole business in bankruptcy.
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BuyBuy Baby Stores to Go Dark After Bankruptcy Auction Falters(Bloomberg) -- BuyBuy Baby’s stores will shut down after the baby brand — once cast as Bed Bath & Beyond Inc.’s prized asset — garnered no adequate going-concern bids in a bankruptcy auction, according to court papers.Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalMeta’s Threads App Draws Millions Seeking a Twitter AlternativeMusk Ultimatum to Taiwan Imperils Its Push to War-Proof InternetChinese Scientists Are Trying to Shield Melting Glaciers From the SunA
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