Ryan Cohen skyrocketed to success with his co-founding of Chewy, the renowned online pet store. After selling Chewy to Petsmart for a staggering $3.35 billion, it went public as an independent company in 2019. Why a tightening of credit conditions could lead to a weak economy In recent years, Cohen has shifted his focus to …
Beloved bargain retailer Christmas Tree Shops recently announced its decision to permanently close its doors on August 12th. This unfortunate development comes after the company filed for Chapter 11 bankruptcy three months ago. In an effort to clear out its remaining inventory, Christmas Tree Shops will be offering discounts of up to 80% on its …
Overstock.com has successfully relaunched the Bed Bath & Beyond domain online in the US on Tuesday. Overstock.com acquired the intellectual property assets of Bed Bath & Beyond for $21.5 million in June, after the retail chain filed for bankruptcy earlier this year. The transition to the Bed Bath & Beyond name was already made in …
Bankrupt retailer Bed Bath & Beyond is changing its strategy for selling its Buybuy Baby business. Rather than finding a buyer for the entire business, the company will now seek court approval for a limited sale of Buybuy Baby’s intellectual property assets. Previously, Dream On Me was declared as the lead bidder for the brand’s …
Overstock.com, the online retailer, has acquired the intellectual property assets of Bed & Bath & Beyond for $21.5 million. As part of the deal, Overstock.com will rebrand itself as Bed & Bath & Beyond, which recently declared bankruptcy. This move has been well-received by investors, as Overstock.com’s shares rose by 20%. It’s important to note …
Overstock.com has successfully acquired Bed Bath & Beyond’s brand name, intellectual property, and ecommerce platform for a total of $21.5 million. The purchase was approved by a US bankruptcy judge, Vincent Papalia, who expressed satisfaction at finding a bidder that would preserve Bed Bath & Beyond’s brand. This acquisition allows Overstock to relaunch the Bed …