Bed Bath & Beyond files for bankruptcy in the US

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Bed Bath & Beyond files for bankruptcy in the US
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The embattled retail giant is seeking buyers for its assets, and will close all its stores by 30 June.

Embattled retail giant Bed Bath & Beyond has filed for Chapter 11 bankruptcy protection in US.

The once-popular destination for household goods has struggled to keep up with the rise of online shopping. It added that despite "painstaking, creative, and exhaustive efforts to right the ship along the way, Bed Bath & Beyond is simply unable to service its funded debt obligations while simultaneously supplying sufficient inventory to its store locations."

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