Overstock's winning bid gives Bed Bath & Beyond an online-only lease of life
Posted on AllSides June 23rd, 2023
From The Center
Bed Bath & Beyond, the company, is dead. But Bed Bath & Beyond, the brand, will live on online, thanks to Overstock.com . The Salt Lake City-based online seller of home furnishings won the bid for the bankrupt big-box retailer’s all things digital. On June 21, Overstock.com won the auction to purchase Bed, Bath, and Beyond assets at a base price of $21.5 million, a regulatory filing from June 22 shows . The deal will allow the Utah-base discounter e-commerce portal rights to the chain’s intellectual p roperty (IP) and...
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