Bed Bath & Beyond In Talks To Divest Buybuy Baby To Go Global Retail: Report
Portfolio Pulse from Shivani Kumaresan
Bed Bath & Beyond is in talks to sell its baby gear unit Buybuy Baby to Go Global Retail, with Babylist and Overstock.com also showing interest in the company's assets. Bed Bath & Beyond filed for bankruptcy in April, but Buybuy Baby has performed better comparatively.
June 06, 2023 | 10:44 am
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Bed Bath & Beyond is in talks to sell Buybuy Baby to Go Global Retail, which could provide the company with much-needed cash amid bankruptcy.
The sale of Buybuy Baby could provide Bed Bath & Beyond with much-needed cash as it navigates bankruptcy. This could help the company restructure and potentially improve its financial position, leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Overstock.com is reportedly interested in the intellectual property behind the main Bed Bath & Beyond banner, which could expand its product offerings.
If Overstock.com acquires the intellectual property behind the main Bed Bath & Beyond banner, it could expand its product offerings and potentially increase its market share. This could have a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50