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    Beleaguered business Bed Bath & Beyond has named Laura Crossen the company's interim chief financial officer after Gustavo Arnal plunged to his death last week. Arnal, 52, threw himself from the 18th floor of his Manhattan apartment after a lawsuit was lodged against him for insider trading.  His suicide has added to a cloud of financial uncertainty for the company and further complicates its plans for a turnaround. According to the New York City Police Department, Arnal was found unconscious with injuries showing he fell from the 57-story Jenga residential tower in Manhattan. Bed Bath & Beyond has named Laura Crossen (pictured) the company's interim chief financial officer after Gustavo Arnal plunged to his death from his Manhattan apartment last week But for the last decade or so, Bed Bath & Beyond struggled with weak sales, largely because of its messy assortments and lagging online strategy that made it hard to compete with the likes of Target and Walmart, both of which have spruced up their home departments with higher quality sheets and beddings.  Meanwhile, online players like Wayfair have...
    A University of Southern California who made $110million from selling his Bed Bath and Beyond stocks says his parents are terrified that he will be kidnapped for his newfound wealth. Jake Freeman, 20, an applied mathematics and economics major at the university, invested in nearly five million shares at $5.50 a share in July - selling them jsut a month later for $27. Shares in the company today tumbled after their CFO Gustavo Arnal, 52, threw himself from the 18th floor of his Manhattan apartment last week after a lawsuit was lodged against him for insider trading. It claimed that he worked with majority shareholder Ryan Cohen, chairman of GameStop, in the ‘pump and dump’ scheme, reportedly leaving others $1.2billion out of pocket. Speaking exclusively to DailyMail.com, Freeman said: ‘My parents think I might be kidnapped, it’s something that’s on their minds. ‘I don’t think that its much of a risk. I go to USC so if they want to kidnap anybody, they can kidnap Obama’s daughter. ‘I think it’s funny that during a class my professor mentioned my existence...
    A TOP Bed Bath & Beyond executive had been named in a fraud lawsuit – just days before he plunged to his death. Gustavo Arnal. 52, was found dead after jumping from the 18th story of the “Jenga Building” in New York on September 2. 2Gustavo Arnal plunged from the 18th floor of a New York apartment to his death on September 2Credit: Bed Bath & Beyond 2Cops said Arnal jumped from the 'Jenga Building'Credit: Peter Gerber Days before his death, Arnal was accused of being part of a fraud scheme, Reuters reported. He was the chief financial officer of Bed, Bath & Beyond. Court documents filed on August 23 allege that he tried to “inflate the price of Bed, Bath & Beyond’s publicly traded stock”. The lawsuit also claimed that he sold off his shares at a higher price. read more on gustavo arnalWIFE'S HORROR Bed Bath & Beyond exec's wife was in NYC apartment before he jumped to deathTRAGIC DEATH Bed Bath & Beyond boss plunges 18 storeys to his death from 'Jenga' skyscraper And, Arnal was accused...
    The man who jumped to his death from the 18th floor of a Manhattan skyscraper on Friday has been identified as 52-year-old Gustavo Arnal, the chief financial officer of troubled Bed Bath & Beyond. The executive’s death came as his employer has been dealing with financial difficulties—laying off 20 percent of the staff, closing 150 storefronts, and watching its stock price plummet. It also comes weeks after Arnal was named in a federal class-action lawsuit that claimed he helped push up the price of Bed Bath & Beyond stock so he could sell off his own shares at a bigger profit. However, it’s not clear if the chain’s problems or the legal accusations played any role in Arnal’s apparent suicide. The suit, filed by a lawyer in Washington, alleged that Arnal and activist investor Ryan Cohen conspired in a pump-and-dump scheme that caused the company’s stock to soar, before it later plunged. Cohen—the founder of Chewy and the chairman of GameStop, who made a name for himself with meme investing—bought a 10 percent position in Bed Bath & Beyond in...
    A Bed Bath & Beyond executive leapt 18 stories to his death from New York City's "Jenga" tower Friday, Sept. 2, multiple reports say. Gustavo Arnal, 52, was the executive vice president and chief financial officer at the Union, NJ-based company. Calls reporting a jumper came around 12:30 p.m. from the 60-story building's location in lower Manhattan's Tribeca neighborhood at 56 Leonard Street near Church Street, according to the Daily Mail. Messages left with Bed Bath & Bed and Arnal’s family on Saturday, Sept. 3 were not immediately returned, the New York Post said. Shares in Bed Bath & Beyond dropped sharply last week after the company announced a restructuring plan that it said would result in the closure of "150 lower-producing stores." Bed Bath & Beyond now has about 900 stores, including those scheduled to be closed. Arnal joined Bed Bath & Beyond as CFO in May 2020, moving from  CNBC has beauty conglomerate Avon, where he was the company's head of finance. 
    A Bed Bath & Beyond executive leapt 18 stories to his death from New York City's "Jenga" tower Friday, Sept. 2, multiple reports say. Gustavo Arnal, 52, was the executive vice president and chief financial officer at the Union, NJ-based company. Calls reporting a jumper came around 12:30 p.m. from the 60-story building's location in lower Manhattan's Tribeca neighborhood at 56 Leonard Street near Church Street, according to the Daily Mail. Messages left with Bed Bath & Bed and Arnal’s family on Saturday, Sept. 3 were not immediately returned, the New York Post said. Shares in Bed Bath & Beyond dropped sharply last week after the company announced a restructuring plan that it said would result in the closure of "150 lower-producing stores." Bed Bath & Beyond now has about 900 stores, including those scheduled to be closed. Arnal joined Bed Bath & Beyond as CFO in May 2020, moving from  CNBC has beauty conglomerate Avon, where he was the company's head of finance. 
    (CNN)A man who jumped to his death from a high-rise apartment in Manhattan has been identified by the New York City Police Department as Gustavo Arnal. A law enforcement source told CNN Arnal is the chief financial officer of Bed Bath & Beyond. They said he died after jumping from the 18th floor balcony of his high-rise apartment.The NYPD said in a statement Sunday that Arnal, 52, was found unconscious and unresponsive outside his luxury 57-story skyscraper in the neighborhood of Tribeca around 12:30 p.m. Friday. Police said the man "appeared to suffer from injuries indicative from a fall from an elevated position." EMS responded and pronounced the man dead, police said.The law enforcement source told CNN Sunday that Arnal's wife witnessed him jump. The source said while no suicide note was found, no criminality is suspected. The NYPD said the New York City Medical Examiner's Office will determine the cause of death and the investigation remains ongoing. CNN has reached out to the medical examiner's office but did not receive an immediate response.CNN has also reached out to Bed...
    A man who fell to his death from the 18th floor of a New York City skyscaper was identified by police as Bed Bath & Beyond's chief financial officer. Gustavo Arnal, a 52-year-old who was also an executive vice president, fell from what is known as "Jenga Tower" on Leonard Street in Manhattan on Friday, the New York City Police Department confirmed to Insider. MEME STOCK BED BATH & BEYOND CLOSING 150 STORES AND CUTTING STAFF TO SAVE COMPANY His death comes just two days after an announcement from the struggling retail company that it would be closing 150 stores and commence mass layoffs in light of plummeting sales. Just a few weeks prior to his death, filings showed Arnal sold 42,513 shares of Bed Bath & Beyond stocks for a value of over $1 million, according to MarketBeat.com. He had been with the company since 2020. CLICK HERE FOR MORE FROM THE WASHINGTON EXAMINER The Washington Examiner reached out to Bed Bath & Beyond for comment. More from Examiner Reporter’s Notebook:...
    The Bed Bath & Beyond CFO who plunged to his death on Friday was being sued for artificially inflating the company's stock price in a scheme to sell off his shares at a higher price. Gustavo Arnal, 52, is listed as one of the defendants in a class action lawsuit brought by a group of shareholders who claim they lost around $1.2 billion when Arnal and majority shareholder Ryan Cohen engaged in a 'pump and dump' scheme.  The lawsuit, filed in the United States District Court for the District of Columbia on August 23, claims Cohen had approached Arnal about a plan to control shares of Bed Bath and Beyond so they could both profit. As part of the plan, the lawsuit claims, Arnal 'agreed to regulate all insider sales by BBBY's officers and directors to ensure that the market would not be inundated with a large number of BBBY shares at a given time.' He then allegedly issued 'materially misleading statements made to investors regarding BBBY's strategic company plans, financial condition... and reports of shares holding and selling' to...
    An executive at Bed Bath & Beyond has been identified as the man who jumped 18 stories to his death at the so-called "Jenga" tower in New York City on Friday, Sept. 2, according to multiple reports. Gustavo Arnal, age 52, was the company's executive vice president and chief financial officer. Calls reporting a jumper came around 12:30 p.m. from the 60-story building's location in lower Manhattan's Tribeca neighborhood at 56 Leonard Street near Church Street, according to the Daily Mail. Messages left with Bed Bath & Bed and Arnal’s family on Saturday, Sept. 3 were not immediately returned, the New York Post said. Shares in Bed Bath & Beyond dropped sharply last week after the company announced a restructuring plan that it said would result in the closure of "150 lower-producing stores." Bed Bath & Beyond now has about 900 stores, including those scheduled to be closed. Arnal joined Bed Bath & Beyond as CFO in May 2020, moving from  CNBC has beauty conglomerate Avon, where he was the company's head of finance. 
    A TOP executive at Bath & Beyond has died after plunging to his death from an iconic New York City skyscraper. Gustavo Anral, 52, jumped from the 18th floor of the 'Jenga Building' at 56 Leonard Street on Friday, police sources say. 1Gustavo Arnal, the CFO of Bed, Bath & Beyond, died after jumping from the 'Jenga Building'Credit: Linkedin Anral joined the troubled home goods retailer in 2020, working as chief financial officer and was also an executive vice president. He'd previously worked as chief financial officer for cosmetics giant Avon from London. The executive also had a 20-year career abroad as the head of Procter & Gamble, the New York Post reports. Last month, Arnal sold 42,513 shares in Bed, Bath & Beyond stock for more than a $1 million, according to MarketBeat.com. READ MORE U.S NEWSWHERE IS SHE? 'Vehicle found & man detained' in case of heiress KIDNAPPED on morning runWHAT DOC? 'Broke' Armie Hammer celebrated birthday with close friends amid bombshell doc Last year, he made more than $2.9 million via Bed Bath...
    The man who jumped to his death from the 18th floor of a ritzy 57-story building in Manhattan's Tribeca neighborhood Friday has been identified as a Bed Bath & Beyond executive. Gustavo Arnal, 52, was identified as the jumper at the 56 Leonard Street building - where apartments go for up to $50million - on Friday afternoon, according to the New York Post.  Arnal was the Chief Financial Officer of Bed Bath & Beyond, a company that has been going through struggles of late, forcing the company to announce plans to close 150 stores of its roughly 900 and lay off 20 percent of corporate and supply chain staff.  Calls regarding the jump at 56 Leonard Street near Church Street came in at around 12:30pm, according to a spokeswoman for the NYPD.  The building, located at 56 Leonard Street in the fashionable Tribeca district, is topped with an impossible-looking jumble of misaligned floors that make it look like a teetering Jenga tower.  The penthouse apartment in the building went for $50million.  The city's EMS officials responded to the incident and were...
    In this article BBBYSource: Bed Bath & BeyondBed Bath & Beyond fiscal first-quarter sales climbed nearly 50%, as the retailer's turnaround initiatives including launching new brands and remodeling stores helped to draw in customers for everything from blenders to bath mats. The progress coming ahead of the key back-to-school shopping season was enough for the company to hike its full-year revenue outlook. Bed Bath & Beyond shares jumped nearly 5% in premarket trading. However, its first-quarter earnings were hurt and will continue to be weighed down by the costs that Bed Bath & Beyond faces in order to successfully turn its business around. "We are re-establishing our authority in home, recapturing market share and unlocking our full potential," Chief Executive Mark Tritton said in a statement. Here's what the company reported for the three months ended May 29, compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 5 cents adjusted vs. 8 cents expected Revenue: $1.95 billion vs. $1.87 billion expected Bed Bath & Beyond said its net loss...
            by Thomas Catenacci  Bed Bath & Beyond, Kohl’s and Wayfair have all stopped selling MyPillow products after the company’s CEO continued alleging mass voter fraud occurred during the presidential election. Bed Bath & Beyond and Kohl’s called MyPillow CEO and Founder Mike Lindell this week informing them of their decision, he told Right Side Broadcasting Network (RSBN) in an interview Monday. Wayfair and grocery store chain HEB also dropped MyPillow products, Lindell told St. Paul, Minnesota Fox affiliate KMSP-TV Tuesday. “I just got off the phone with Bed Bath & Beyond,” Lindell told RSBN. “They’re dropping MyPillow. Just got off the phone not five minutes ago. Kohl’s, all these different places.” “These guys don’t understand, they’re scared, like a Bed Bath & Beyond, they’re scared,” he continued. “They were good partners. In fact, I told them, ‘You guys come back anytime you want.’” Lindell blamed Sleeping Giants, a progressive activist group that specializes in pressuring corporations to stop advertising on conservative networks. He called the organization “the most evil people on the planet” during the RSBN interview. “This is the evil left, Lindell said. “This...
    Bed Bath & Beyond, Kohl’s and Wayfair have all stopped selling MyPillow products after the company’s CEO continued alleging mass voter fraud occurred during the presidential election. Bed Bath & Beyond and Kohl’s called MyPillow CEO and Founder Mike Lindell this week informing them of their decision, he told Right Side Broadcasting Network (RSBN) in an interview Monday. Wayfair and grocery store chain HEB also dropped MyPillow products, Lindell told St. Paul, Minnesota Fox affiliate KMSP-TV Tuesday. “I just got off the phone with Bed Bath & Beyond,” Lindell told RSBN. “They’re dropping MyPillow. Just got off the phone not five minutes ago. Kohl’s, all these different places.” (RELATED: CNN Hosts Claim ‘My Pillow Guy’ Is ‘Filling The Gap’ Of Departed White House Staff) “These guys don’t understand, they’re scared, like a Bed Bath & Beyond, they’re scared,” he continued. “They were good partners. In fact, I told them, ‘You guys come back anytime you want.'” MyPillow CEO Mike Lindell waits outside the White House on Friday. (Drew Angerer/Getty Images) Lindell blamed Sleeping Giants, a progressive activist group that specializes...
    With most of us spending more time at home due to the Covid-19 pandemic, the boundaries between living, working and sleeping have become blurred.  The unease around coronavirus is affecting sleep for a massive three quarters of people, according to a previous report by The Sleep Council.   As such, health and wellbeing company, Mammoth, has teamed up with one of the country's leading sleep scientists, Dr Nicola Barclay, from the University of Oxford's Sleep and Circadian Neuroscience Institute, to reveal the best ways to ensure a more restful night.  Her tips include avoiding bright lights and big meals two hours before bedtime and exercising earlier in the day.  Speaking to FEMAIL, she also suggests taking a hot bath to cool down before trying to get some rest and creating a decluttered sleep environment. With most of us spending more time at home due to the Covid-19 pandemic, the boundaries between living, working and sleeping have become blurred (stock photo) DON'T EXERCISE IN THE EVENING 'Exercise is fantastic for sleep and as part of a healthier lifestyle all round,' says...
    Tiger nearly bites volunteers arm off at big cat sanctuary run by Carole Baskin Another stimulus check may be delayed, but its far from dead Get comfy! Home essentials from Bed Bath & Beyond we’re shopping for Shop Today was paid by Bed Bath & Beyond to create this article. Shop TODAY gets a commission on sales from products purchased through our links. If you’re like us, you never resist the opportunity to cash in on a Bed Bath & Beyond coupon. The store is known as a one-stop-shop for home essentials, and has some pretty sweet deals going on for the holidays, including lots of Cyber Week sales. As we prepare to spend a lot more time inside this winter, these are the cozy home items we’ll be using our coupons to stock up on.Gifts for sleep at Bed Bath & BeyondBrookstone n-a-p Heated Plush Throw Blanket in Red/BlackBrookstone n-a-p Heated Plush Throw Blanket in Red/Black Brookstone n-a-p Heated Plush Throw Blanket in Red/Black $49.99 at Bed Bath & Beyond When the weather outside is frightful, curling up...
    New York (CNN Business)Bed Bath & Beyond is getting a boost from shoppers decorating their homes instead of traveling, going out for dinner or going to the movies in the pandemic.The retailer said Thursday that sales at stores open for at least one year grew 6% during the three months ending August 29, compared with the same stretch last year. It was the first quarter that the number grew at Bed Bath & Beyond (BBBY)in four years. "During this unprecedented time when our homes have become the center of our lives, we are well placed as customers spend more in their home and lifestyle," CEO Mark Tritton said on a call with analysts Thursday. Best Buy closed down stores in the pandemic. But people kept shopping Bed Bath & Beyond's stock rallied around 25% during early morning trading on the strong results.The company, which also operates BuyBuy Baby, Christmas Tree Shops and Harmon Face Values, has struggled in recent years against Amazon (AMZN), direct-to-consumer brands and big box chains like Target (TGT) and Walmart (WMT). Read MoreBed Bath & Beyond...
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