![]() The company currently employs about 14,000 people in the US and Puerto Rico, and among its initial requests in bankruptcy is to pay about $76 million of employee wages and benefits. The shuttering of one of America’s most well-known home goods retailers will put the jobs of thousands of employees - and their retirement savings and severance pay - on the line. READ MORE: Bed Bath & Beyond is closing hundreds of stores, but they won’t be empty for long The filing will allow it to begin liquidating 360 Bed Bath & Beyond stores and 120 Buy Buy Baby shops immediately, though the company said it’s also searching for a buyer for some or all of its assets. ![]() ![]() ![]() The Union, New Jersey-based company filed for Chapter 11 bankruptcy on Sunday, a move that came months after saying it was weighing options to restructure debt, with “substantial doubt” about its ability to keep operating. By Sarah Holder and Jeremy Hill | Bloombergīed Bath & Beyond, the big-box retailer that for decades provided essential shopping for college dorms, wedding gifts and new homes, will close all of its stores and liquidate inventory over the next two months after its turnaround failed. ![]()
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