Bed Bath & Beyond prepares to seek bankruptcy protection, Reuters reports

Bed Bath & Beyond is preparing to seek bankruptcy protection as soon as this week, Reuters’ Jessica DiNapoli and Mike Spector report. According to four people familiar with the matter, the chain has lined up liquidators to close additional stores unless a last-minute buyer emerges, while one person says the retailer’s advisers locked in meetings exploring any remaining options to avoid bankruptcy. Bed Bath & Beyond is negotiating a loan to help it navigate bankruptcy proceedings, with Sixth Street in talks to provide some funding, two of the people said. Reference Link