Tag Archive: Bath & Beyond Nears Bankruptcy


on February 5, 2023 in World News

As Bed, Bath & Beyond Nears Bankruptcy

By Patty McMurray Conservatives Remember When They Discontinued MyPillow—Customers Warned They Would Lose Them Bed Bath & Beyond is nearing bankruptcy and closing more stores. Investor Place reported: Bed Bath & Beyond owed $28 million of interest on bonds worth $1.2 billion on Feb. 1. It previously defaulted on $550 million in loans arranged by JPMorgan Chase (NYSE:JPM) and a $375 million facility from investment firm Sixth Street Partners. The retailer now has a 30-day grace period to come up with the cash. It has announced the closing of 87 more stores and the Harmon drug store chain, on...

By Patty McMurray Conservatives Remember When They Discontinued MyPillow—Customers Warned They Would Lose Them Bed Bath & Beyond is nearing bankruptcy and closing more stores. Investor Place reported: Bed Bath & Beyond owed $28 million of interest on bonds...

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