- 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.
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