IF THIS COMPANY WENT BANKRUPT, NO COMPANY IS SAFE


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Another classic American company is folding.

Bed Bath & Beyond Inc., the big-box retailer that for decades provided essential shopping for college dorms, wedding gifts, and new homes, will close all of its stores and liquidate inventory over the next two months after its turnaround failed.

Its mother company, The Union, filed for Chapter 11 on Sunday, April 23rd.

For months, the company has been weighing options to restructure debt and openly admitted they won’t be able to continue operating. They have also been looking for possible buyers. They are keeping this option open. They are still looking for a buyer.

As bad as it sounds for us to lose what could be America’s best-known home goods retailer, the thousands of employees and their retirement savings and severance pay are most heartbreaking.

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