From a failed merchandising strategy to activist investor pressure over exaggerated payments to executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the last few years.. | February 8, 2023
In addition to the funding, Bed Bath & Beyond will begin selling off its stock. Stock soared 92 percent today before dropped 32 percent from that high.
The home goods chain said in a regulatory filing on Thursday that the default on its loans from JPMorgan Chase would force it to consider alternatives, including bankruptcy.
Bed Bath & Beyond has defaulted on its credit line and does not have the money to pay its debts, according to consolidated financial statements filed with the U.S. Securities and Exchange Commission.