Bed Bath & Beyond preps for bankruptcy as buyer can’t be found, Bloomberg says

Bed Bath & Beyond’s efforts to find a buyer have stalled, so the company is preparing to file for bankruptcy protection "imminently," likely without a bidder in place for assets including its Buy Buy Baby brand, according to Bloomberg’s Eliza Ronalds-Hannon, Lauren Coleman-Lochner and Reshmi Basu, citing sources. A representative for Bed Bath & Beyond said in a statement to the news service: "We continue to work with our advisors and implement actions to manage our business as efficiently as possible as we consider all paths and strategic alternatives."