Bed Bath & Beyond stock jumps on report company received bids for BuyBuy Baby unit
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Bed Bath recently agreed to explore whether it should sell or spin off the baby apparel and gear retailer as part of a settlement with an activist investor.
- Bed Bath & Beyond has received interest from companies that want to buy its BuyBuy Baby business, according to a Wall Street Journal report.
- The home goods retailer agreed last month that it would explore whether it should sell or spin off that banner, as part of a settlement with activist investor and GameStop Chair Ryan Cohen.
- The baby gear business has been a bright spot for Bed Bath, especially as it struggles with supply chain challenges and undergoes a broad turnaround effort.
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