Formerly bankrupt 52-year-old retail brand makes surprising new acquisition [Yahoo! Finance]
Bed Bath & Beyond, Inc. (BBBY)
Last bed bath & beyond, inc. earnings: 4/15 04:15 pm
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Source: Yahoo! Finance
The 52-year-old brand, which liquidated its physical store network in 2023, is now positioning itself for a future far removed from towels and kitchenware. Instead, the company is betting that its household name can serve as a consumer on-ramp into tokenized finance, beginning with real estate and other real-world assets. Bed Bath & Beyond is a U.S.-based home goods brand founded in 1971, best known for selling bedding, kitchenware, and household essentials through large-format retail stores. Related: What is tokenization? Explained Bed Bath and Beyond filed for Chapter 11 bankruptcy protection on April 23, 2023 after failing to secure funding to keep operating, then began a liquidation sale as demand slumped and its merchandising shift toward more store branded products backfired. The bankruptcy marked the end of Bed Bath and Beyond as a national big box chain, but not the end of the name. Its brand and assets were later sold off, and the Bed Bath identity was revived as
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News
- Bed Bath & Beyond, Inc. Scheduled to Release Fourth Quarter & Full Year 2025 Financial ResultsBusiness Wire
- Bed Bath & Beyond Signs Agreement to Acquire Tokens.com to Launch a Unified Gateway for Real Estate Finance and Tokenized Asset LiquidityBusiness Wire
- Letter to Shareholders and Stakeholders from Marcus Lemonis, Executive Chairman and Chief Executive Officer of Bed Bath & BeyondBusiness Wire
- Bed Bath & Beyond, Inc. Announces Employee Inducement GrantsBusiness Wire
- Bed Bath & Beyond Announces Glen Cary as Chief of StoresBusiness Wire