Bed Bath & Beyond will live on — well, the brand, anywayBed Bath & Beyond will live on. The retailer’s name, intellectual property and digital assets were purchased by Overstock.com for $21.5 million, according to court documents released Thursday. However, the deal won’t keep its stores open, which are currently closing after Bed Bath & Beyond filed for bankruptcy in April. Overstock’s bid was the first and ultimately the most lucrative for Bed Bath & Beyond’s assets, setting the minimum price (a.k.a. The buybuyBaby chain, which Bed Bath & Beyond owns, is being sold off in a separate sales process and is considered the most attractive part of the retailer’s assets.

Source: CNN June 22, 2023 13:01 UTC