Bed Bath & Beyond stock jumps on report company received bids for BuyBuy Baby unit

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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