'Buy Buy Baby Draws Sale Interest In Bed Bath & Beyond Bankruptcy, One Bidder Looks To Save Stores' - CNBC
Portfolio Pulse from Happy Mohamed
Buy Buy Baby, a subsidiary of Bed Bath & Beyond, has attracted interest from at least two bidders as the parent company auctions off its assets following bankruptcy. One unknown bidder plans to keep 75% of the stores open, while Babylist, a direct-to-consumer baby registry website, wants to acquire the trademark and domain.
June 02, 2023 | 2:59 pm
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Bed Bath & Beyond's subsidiary Buy Buy Baby has attracted two bidders amid the parent company's bankruptcy. This could potentially bring some value to the company's assets.
As Bed Bath & Beyond is going through bankruptcy, the interest in its subsidiary Buy Buy Baby could potentially bring some value to the company's assets. However, it is uncertain how this will affect the stock price in the short term, as the parent company is expected to be dissolved.
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IMPORTANCE 75
RELEVANCE 100