BBBY - Bed Bath & Beyond files for Chapter 11 bankruptcy

2023-04-23 08:11:09 ET

Long-struggling retailer Bed Bath & Beyond ( NASDAQ: BBBY ) filed for Chapter 11 protection on Sunday.

“Bed Bath & Beyond today announced that it and certain of its subsidiaries … filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code [to] implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets,” the company said in a statement.

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