Bed Bath & Beyond files for bankruptcy protection after failed turnaround efforts

In this article BBBY Follow your favorite stocks CREATE FREE ACCOUNTA "Store Closing" banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. As of late November, Bed Bath had about $4.4 billion in assets and $5.2 billion in debts, court filings show. Our teams have worked with incredible purpose to support and strengthen our beloved banners, Bed Bath & Beyond and buybuy BABY," CEO Sue Gove said in a statement. Bed Bath said it plans to continue to pay employees wages and benefits, maintain customer programs and honor obligations to vendors. watch nowDays after the second stock offering was announced, Bed Bath said it had partnered with liquidator Hilco Global to boost its inventory levels.