– Bed Bath & Beyond Files For Chapter 11 Bankruptcy:
After a years long struggle, Bed Bath & Beyond filed for Chapter 11 bankruptcy relief on Sunday in the U.S. District Court in New Jersey and said its estimated assets and liabilities are between $1 billion to $10 billion.
“We have made the difficult decision to begin winding down our operations,” the company said on its website Sunday.
“Bed Bath & Beyond and buybuy BABY stores and websites are open and serving customers.”
Bed Bath & Beyond was co-founded by Warren Eisenberg and Leonard Feinstein, who together opened two Bed ‘n Bath stores in 1971 in New York City suburbs.
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