Bed Bath & Beyond In Talks To Divest Buybuy Baby To Go Global Retail: Report

by Shivani Kumaresan, Benzinga Staff Writer

June 6, 2023 6:44 AM | 1 min read |

Bed Bath & Beyond Inc. BBBYQ is reportedly in talks to sell its baby gear unit Buybuy Baby to Go Global Retail, the owner of children’s apparel retailer Janie and Jack.
Go Global Retail is planning to keep the baby-focused chain of stores operating after buying it, reported the WSJ.
While Bed Bath & Beyond filed for bankruptcy in April due to slowing business, Buybuy Baby has performed better comparatively.
Another interested bidder is Babylist, a direct-to-consumer baby registry website, that wants to buy the trademark and domain.
The report further noted that the company also is fielding interest from Overstock.Com, Inc. OSTK for the intellectual property behind the main Bed Bath & Beyond banner.
Price Action: BBBYQ shares closed lower by 1.20% at $0.2460 on Monday.