2023 a ‘better’ year for tech stocks: Mark Mahaney
Evercore ISI Senior Managing Director Mark Mahaney provides an outlook for tech stocks ahead of the earnings release
Bed Bath & Beyond is selling off assets to private equity firm Sycamore Partners ahead of a possible bankruptcy filing, the New York Times reported on Friday.
Alongside other key assets, the retailer’s Buy Buy Baby stores will reportedly be cut free after showing another dip in sales over the third quarter, according to the article.
The Union, New Jersey-based company had earlier considered selling its Buy Buy Baby stores after shareholder pressure, but held off on hopes it could fetch a higher price later, Reuters reported.
The company's buybuy Baby chain, which sells products for infants and toddlers, helped Bed Bath & Beyond obtain a loan worth $375 million last year.
BED BATH & BEYOND BANKRUPTCY COULD HAPPEN ‘THIS MONTH’