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Buy Buy Baby

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business2 years ago

"Bankrupt Brands Find New Life as Buy Buy Baby and Harmon Stores Reopen Under New Ownership"

Buy Buy Baby and Harmon, former corporate siblings of Bed Bath & Beyond, are set to reopen after being bought by new owners at bankruptcy auctions. The owners of baby goods retailer Dream on Me plan to reopen 11 Buy Buy Baby stores in the Northeast and aim to have 100 to 120 stores across the US in the next few years. Private investor Jonah Raskas plans to reopen five Harmon stores in the tri-state area. The new operators of both brands have the opportunity to rebuild the businesses with better balance sheets and less exposure to underperforming locations. The revamped Buy Buy Baby will focus on experiences, community building, and learning, while Harmon will maintain its wide assortment, low prices, and beloved private label Face Values.

via CNBC|
#bankruptcy#business#buy-buy-baby
business2 years ago

Buy Buy Baby's Last Stand: Bankruptcy Auction Canceled, Future Uncertain

Buy Buy Baby stores are set to close after a deal to save the chain fell apart. Brand management firm Go Global Retail, which owns Janie and Jack, was unable to reach an agreement on valuation with Bed Bath & Beyond's lead creditor, Sixth Street Partners. As a result, Sixth Street decided to recover its losses by selling Buy Buy Baby's intellectual property, auctioning off its leases, and proceeding with liquidation sales. Dream on Me Industries, a little-known retailer and former supplier of Buy Buy Baby, won the chain's trademark and digital assets for $15.5 million. Despite Go Global's higher bid, the erosion of value and repeated delays in the auction process hindered their efforts to keep the stores running.

via CNBC|
#bankruptcy#bed-bath-and-beyond#business
business2 years ago

BuyBuy Baby Stores Auction Cancelled by Bed Bath & Beyond

Bed Bath & Beyond has ended its search for a buyer for its Buy Buy Baby business and will instead seek court approval for a limited sale of Buy Buy Baby's intellectual property assets. Dream on Me Industries, a baby products retailer, has agreed to pay $15.5 million in cash for the Buy Buy Baby intellectual property. Bed Bath & Beyond will seek approval for the sale at a court hearing on July 11. The retailer filed for Chapter 11 bankruptcy protection in April after struggling with declining sales and a failed merchandising strategy.

via Yahoo Finance|
#auction#bankruptcy#bed-bath-and-beyond
business2 years ago

Overstock named stalking horse bidder for Bed Bath & Beyond's intellectual property assets amidst store closures and liquidation sales.

Overstock.com has offered $21.5 million for Bed Bath & Beyond's intellectual property assets, including its business internet and mobile properties and all business data. The offer doesn't include Bed Bath & Beyond or Buy Buy Baby's store locations, which are running going-out-of-business sales. The bid will set the floor at the expected bankruptcy-run auction, with competing bids due by Friday. Bed Bath & Beyond said it is still soliciting other offers.

via CNBC|
#bankruptcy#bed-bath-and-beyond#business
business2 years ago

Sale Talks Could Determine Fate of Bed Bath & Beyond and Buybuy Baby.

Bed Bath & Beyond has extended its auction process for a few more days to ensure the most value maximizing transaction is achieved. The company has held discussions with potential bidders for its Buy Buy Baby chain of stores, which has attracted the most interest before and during the bankruptcy process so far. The assets of the baby gear retailer Buy Buy Baby had earlier attracted interest from at least two bidders, including Babylist. The chain of namesake Bed Bath & Beyond stores is still expected to be dissolved after the bankruptcy.

via CNBC|
#auction#bankruptcy#bed-bath-and-beyond
manda2 years ago

Sale interest in Buy Buy Baby during Bed Bath & Beyond bankruptcy.

Buy Buy Baby is attracting takeover interest from at least two bidders as Bed Bath & Beyond seeks to sell off assets in its bankruptcy process. One bidder is Babylist, a direct-to-consumer baby registry website, while the other is unknown but plans to keep 75% of the stores open. Some bidders are also interested in buying Bed Bath & Beyond's digital assets.

via Seeking Alpha|
#bankruptcy#bed-bath-and-beyond#bidders
business2 years ago

Sale interest and stock woes: Bed Bath & Beyond's BBBYQ in the spotlight.

Buy Buy Baby, the baby gear retailer owned by Bed Bath & Beyond, is drawing interest from at least two bidders as its parent company works to auction off its assets and keep some form of its business alive. The interested parties include an unknown bidder, who would purchase the banner as a going concern and keep about 75% of stores open, and Babylist, a direct-to-consumer baby registry website that wants to buy its trademark and domain. The auction has been delayed twice, with stalking horse bids now due on June 8 and final bids due on June 14.

via CNBC|
#auction#bankruptcy#bed-bath-and-beyond
business2 years ago

"Bed Bath & Beyond: Liquidation Sales and Coupon Tips"

Bed Bath & Beyond has started its liquidation sale at 360 locations and 120 Buy Buy Baby locations, offering discounts of 10 to 30 percent off the lowest ticketed prices. The sale is final, and returns and exchanges are only being accepted for merchandise purchased before April 26, 2023. Bed Bath & Beyond coupons are no longer being honored, but they can be redeemed at some of the store's competitors. The deadline to use gift cards or store credits is May 8, 2023.

via KTVI Fox 2 St. Louis|
#bed-bath-and-beyond#business#buy-buy-baby
business2 years ago

"Bed Bath & Beyond Stores Nationwide Offer Sales and Discounts"

Bed Bath & Beyond has started its liquidation sale at 360 locations and 120 Buy Buy Baby locations, offering discounts of 10 to 30 percent off the lowest ticketed prices. The sale is final, and returns and exchanges are only being accepted for merchandise purchased before April 26, 2023. Bed Bath & Beyond coupons are no longer being honored, but they can be redeemed at some of the store's competitors. The deadline to use gift cards or store credits is May 8, 2023.

via KTVI Fox 2 St. Louis|
#bed-bath-and-beyond#business#buy-buy-baby
business2 years ago

Bed Bath & Beyond announces store closures across multiple locations.

Bed Bath & Beyond has filed for bankruptcy and is expected to close all of its 360 stores and 120 Buy Buy Baby stores by June 30, putting thousands of jobs at risk. Store closing sales will begin on April 26, with products being sold at deep discounts. Customers can use gift cards until May 8, 2023, and merchandise credits until May 15, 2023. The company expects to partner with an alternative platform for registry data transfer. Returns and exchanges for items purchased before April 26 will be accepted until May 24. Coupons will no longer be accepted after April 26.

via WDIV ClickOnDetroit|
#bankruptcy#bed-bath-and-beyond#business
business2 years ago

Bed Bath & Beyond faces bankruptcy and store closures, leaving customers with limited time to use coupons and make returns.

Bed Bath & Beyond has filed for bankruptcy, and customers have only a few days left to redeem gift cards or use coupons. The company has been closing stores to cut costs since last year, and the remaining 360 Bed Bath & Beyond and 120 Buy Buy Baby stores will remain open for now. The usual return and exchange policies will stay in effect until May 24, while gift cards and certificates are good until May 8. The company said it anticipates all of its stores will be closed by the end of June.

via WMUR Manchester|
#bankruptcy#bed-bath-and-beyond#business