Bed Bath & Beyond Inc’s leader monetary officer fell to his dying from the 18th flooring of New York’s Tribeca skyscraper referred to as the “Jenga” tower on Friday afternoon, in step with media experiences.
Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. He in the past labored as CFO for cosmetics emblem Avon in London and had a 20-year stint with Procter & Gamble, in step with his LinkedIn profile.
Police had been known as to 56 Leonard Street close to Church Street round 1 pm ET (1700 GMT), the place an unidentified guy used to be pronounced lifeless on the scene, in step with the New York Post.
Bed Bath and Beyond and the New York Police Department didn’t instantly reply to emails and requires remark.
On Aug. 16, Arnal, bought 55,013 stocks within the corporate, Reuters’ calculations confirmed in response to SEC filings.
The big-box chain – as soon as thought to be a so-called “category killer” in house and bathtub items – has observed its fortunes falter after an try to promote extra of its personal emblem, or non-public label, items.
Last week, Bed Bath & Beyond stated it might shut 150 retail outlets, minimize jobs and overhaul its vending technique in an try to flip round its money-losing trade.
Bed Bath & Beyond forecast a bigger-than-expected 26% droop in same-store gross sales for the second one quarter and stated it might retain its buybuy Baby trade, which it had advertise.
