Bed Bath \u0026amp\u003B Beyond\u0027s Canadian operations are going out of business, after the retailer raised cash to stave off a U.S. bankruptcy. Read more
Play Video
The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the website of consultancy Alvarez & Marsal showed.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Bed Bath & Beyond in January had raised doubts about its ability to continue as a going concern just months after it announced more than $500 million in new financing, as well as job cuts and 150 store closures.
As of Nov. 26, the Bed Bath & Beyond banner in Canada had total assets of about US$427.4 million and total liabilities of about US$342.8 million, the filing showed.© Thomson Reuters 2023
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bed Bath & Beyond Canada granted creditor protection, winding downBed Bath & Beyond Canada Ltd. was granted an initial order for creditor protection by the Ontario Superior Court of Justice Friday, according to the company acting as the court-appointed monitor for the case.
Read more »
Bed Bath & Beyond Canada granted creditor protection, winding down - BNN BloombergBed Bath & Beyond Canada Ltd. was granted an initial order for creditor protection by the Ontario Superior Court of Justice Friday under the Companies' Creditors Arrangement Act, according to the company acting as the court-appointed monitor for the case.
Read more »
Bed Bath and Beyond to wind down Canada operationsBed Bath and Beyond will wind down its operations in Canada, a court filing posted on the website of consultancy Alvarez \u0026amp\u003B Marsal showed.
Read more »
Bed Bath and Beyond to wind down Canada operationsBed Bath and Beyond will wind down its operations in Canada, a court filing posted on the website of consultancy Alvarez \u0026amp\u003B Marsal showed.
Read more »
Bed Bath and Beyond to wind down Canada operationsBed Bath and Beyond will wind down its operations in Canada, a court filing posted on the website of consultancy Alvarez \u0026amp\u003B Marsal showed.
Read more »
Bed Bath & Beyond is closing all stores in CanadaBed Bath & Beyond is closing all stores in Canada according to a court filing on Friday. This comes only two days after the U.S. division announce...
Read more »