Shares of Bed Bath & Beyond slid following a tragic weekend for the home goods retailer amid even more questions about its future.
Bed Bath & Beyond confirmed that Chief Financial Officer Gustavo Arnal, 52, died on Friday. Police said
the company said it would be laying off 20% of its workforce across corporate and supply chains and closing 150 "lower-producing" stores
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Bed Bath & Beyond shares decline after CFO's deathGustavo Arnal died after falling from a building in downtown Manhattan, police said. The city’s medical examiner’s office later ruled the death a suicide.
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Bed, Bath & Beyond executive's death followed allegations of fraudThe death of the 52-year-old executive comes as the once-popular retailer, whose sales and stock price have plunged since last year, struggles to turn itself around.
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Bed Bath & Beyond exec was target of fraud lawsuit days before falling to his deathBed Bath & Beyond’s chief financial officer who fell to his death Friday in New York City had been accused of orchestrating a “pump and dump” scheme to inflate his company’s stock price, according to a lawsuit.
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Bed Bath & Beyond CFO Gustavo Arnal faced $1.2B lawsuit before suicideGustavo Arnal, the chief financial officer and executive vice president of Bed, Bath & Beyond, was named in a huge lawsuit before he jumped to his death from a Manhattan building on Friday.
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Bed, Bath & Beyond CFO Gustavo Arnal Dead After Fall From New York Sky-RiseBed, Bath & Beyond’s chief financial officer Gustavo Arnal was confirmed dead after falling from a New York City skyscraper over the holiday weekend.
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'Profoundly Saddened': Bed Bath & Beyond react to CFO's death; source says he jumped from balconyBed Bath & Beyond is 'profoundly saddened by this shocking loss', a company spokesperson said.
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