It’s the end of the road for Bed Bath & Beyond Inc., a company that was once a shining star of U.S. retail.
The troubled home-goods retailer BBBY filed for chapter 11 on Sunday, after spending several months teetering on the brink of bankruptcy. The company said it aims to achieve an orderly wind down of its operations, while also seeking to find an interested buyer for some or all of its assets. It has $240 million of debtor-in-possession financing to provide the liquidity needed to support its operations through the process….
This article was originally published by Marketwatch.com. Read the original article here.