April 20 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat.
[1/3] A shopping cart is seen at a Bed Bath & Beyond store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew Kelly//File Photo
In March, the company said it would sell $300 million worth of its shares to raise more capital and might have to file for bankruptcy if it failed to secure the funds.
Here’s a look at some of the major developments at the retailer over the past year:
Reporting by Granth Vanaik and Ananya Mariam Rajesh in Bengaluru; Editing by Shinjini Ganguli, Subhranshu Sahu and Devika Syamnath
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