Home goods retailer Bed, Bath & Beyond this week announced the closure of dozens more stores around the country even as the embattled corporation managed to find a last-ditch capital backer to help prop up its cratering finances.
The company, whose retail outlets were popular from the late 1990s through the 2010s, announced this week that it had secured a major cash infusion through an unnamed investment firm, which insiders reported was Hudson Bay Capital Management.
The move, which was accompanied by a public stock offering as part of a desperate $1 billion fundraising gambit, is seen as a long-shot attempt […]
Article Source: justthenews.com
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