The Blood Bath and Beyond saga recently hit a somber tone after the death of the struggling company’s CFO.
Bed Bath & Beyond Inc’s (BBBY.O) chief financial officer, Gustavo Arnal, committed suicide, the medical examiner’s office confirmed to CNBC on Sunday. The CFO, 52, fell from the 50-floor Jenga Tower in downtown Manhattan.
Reportedly, Arnal did not leave a note behind and did not say anything to his wife.
“The entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss,” the company said in a statement.
“I wish to extend our sincerest condolences to Gustavo’s family. Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our Company. I am proud to have been his colleague, and he will be truly missed by all of us at Bed Bath & Beyond and everyone who had the pleasure of knowing him,” said Harriet Edelman, Independent Chair of the Bed Bath & Beyond Inc. Board of Directors. “Our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. Please join us in respecting the family’s privacy.”
Bed Bath and Beyond stock has been on a roller coaster ride as the meme traders started buying the retailer. It topped $23 last month before cratering below $9 as investor Ryan Cohen dumped his entire stake of shares and the company announced widespread store closures last week.
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