Bloomberg reporting today that we are in talks with Kirkland & Ellis to help balance the books. It also says they are "typically known for its dominance in restructuring and bankruptcy situations." Seems like we are going to hear about bankruptcy when they come out with more information at the end of the month.
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Bankruptcy appears inevitable given the sheer negligence and lack of required business competence of the management team. Everything that the corporate office attempts, turns out to be an utter failure. Successful businesses are run by intelligent people, not egos. Perhaps it is time to liquidate the next excess 4500 computer monitors at the corporate office?
BBBY: buhbye bed bath
Unless something drastically changes I'm not sure the company even makes it to next summer.
They will announce a new restructuring line of credit next week. Then in September they will “prepare” us for a slew of closures that will take place end year/early 2022. It could be close to 100!! 😳😰
We’ll make it through the holidays. But beyond next Summer is Anyone’s guess.
It looks like the road to chapter 11 just opened wide and will happen fairly quickly now. Analysts are now saying they are hurting so bad that vendors will most likely not give them merchandise to sell for the holiday season! They will try to get a line of credit but who knows if they will or how little it will be. They will try and sell Baby which now is not even a given there is anyone out there who wants it as it was severely overvalued. BBB and their concepts are all in the same lifeboat that has too many holes that can be patched.
We knew this was inevitable 3 years ago before COVID. So is liquidation.
They will take out their line of credit before filing for bankruptcy. Baby will go first too.
Maybe before that. Start your out now before you don't have anything to bargain with. Its done