Bed Bath & Beyond reportedly in talks over sale

US big box retailer Bed Bath & Beyond is reportedly in talks with a private equity firm over the sale of its assets.

According to the New York Times, the company is in talks with private equity firm Sycamore Partners over the sale of its retail locations – including its buybuy Baby stores – as part of a possible bankruptcy process.

Bed Bath & Beyond reported a bigger-than-expected quarterly loss last week, with the company also reporting a large decrease in sales. Prior to the report, it had been reported that the company could consider filing for bankruptcy as it faces dwindling cash reserves.

Neither party commented on the story, with the NYT also noting that Bed Bath & Beyond is in talks with other potential suitors over a possible deal.

The company had previously considered selling its well-regarded buybuy Baby unit, but held off on a sale in the hope it could attract a higher price at a later date. The unit helped Bed Bath & Beyond secure a loan worth $375 million in 2022.

Sycamore Partners meanwhile is no stranger to investing in the retail space. The private equity firm last year launched a takeover bid for US department store chain Kohl's. Kohl’s would later announce an $8 billion deal with US-based holding company Franchise Group, though this was later abandoned.

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