Bed Bath and Beyond

Gustavo Arnal fell from New York's Tribeca skyscraper known as the "Jenga" tower last Friday. Read more at straitstimes.com.

Police identified the man as Mr Arnal. The big-box chain - once considered a so-called "category killer" in home and bath goods - has seen its fortunes falter after an attempt to sell more of its own brand goods. It also came after Mr Arnal and the company were sued on Aug 23 over accusations of artificially inflating the firm's stock price in a "pump and dump" scheme, with the lawsuit alleging that Mr Arnal sold off his shares at a higher price after the scheme.

The death of Bed Bath & Beyond Inc's chief financial officer, who fell from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, ...

ET (1630 GMT), police responded to a 911 call and found a 52-year-old man dead near the building who suffered injuries from a fall. Police identified the man as Arnal. It also comes after Arnal as well as the company were sued on Aug. Register now for FREE unlimited access to Reuters.com

Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020 and previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter ...

District Court for the District of Columbia alleged that Arnal “agreed to regulate all insider sales by BBBY’s officers and directors to ensure that the market would not be inundated with a large number of BBBY shares at a given time.” Bed Bath and Beyond confirmed his death in a press statement on Sunday but gave no details. The sales amounted to about $1.4 million, and Arnal still had almost 255,400 shares remaining. ET (1630 GMT), police responded to a 911 call and found a 52-year-old man dead near the building who appeared to have suffered fatal injuries from a fall. Police identified the man as Gustavo Arnal. Bed Bath & Beyond Inc’s BBBY.O chief financial officer fell to his death from New York’s Tribeca skyscraper known as the “Jenga” tower on Friday afternoon, police said, just days after a lawsuit alleged he was involved in a “pump and dump” scheme.

Bed Bath & Beyond on Sunday confirmed that its Chief Financial Officer Gustavo Arnal died over the weekend, after police had said earlier that Arnal fell to ...

Bed Bath also faces a class action lawsuit recently filed in the District of Columbia, accusing it of misrepresenting its value and profitability. In Bed Bath's statement on Sunday, the company noted that Arnal "was instrumental in guiding the organization throughout the coronavirus pandemic." In August, Bed Bath had multiple days with price moves of more than 20%. The New Jersey-based retailer also said it would be cutting 20% of its staff and added that it had secured more than $500 million in new financing, including a loan. Some analysts say that while the turnaround plan announced Wednesday will improve the company's liquidity position, it won't be sufficient to save Bed Bath's business. The cost-cutting measures come as Bed Bath's core business continues to struggle. Arnal joined Bed Bath in 2020 from London-based cosmetics company Avon, just after the start of the coronavirus pandemic. Those sales were made as part of a trading plan he had signed in April. The document also noted he still held 255,396 shares after those latest sales. Arnal left no note behind and did not say anything to his wife, who was home at the time, sources [according to a filing](https://bedbathandbeyond.gcs-web.com/node/16371/html). - Bed Bath said in a statement on Sunday that Arnal "was instrumental in guiding the organization throughout the coronavirus pandemic."

Gustavo Arnal, 52, the chief financial officer of the beleaguered home goods retailer Bed Bath & Beyond, died on Friday. He was brought on to help stabilize ...

Mr. In August, Bed Bath & Beyond disclosed in a regulatory filing that Mr. 16, energized by disclosures by the activist investor Ryan Cohen; Though he had been at Bed Bath & Beyond for only two years, Mr. The company has also been at the center of a volatile few weeks of trading, partly because of a legion of dedicated individual investors. Arnal sold roughly 55,000 shares in Bed Bath & Beyond on Aug. It announced last week that it had secured a loan from the investment firm Sixth Street to shore up its liquidity. Arnal spoke to Bed Bath & Beyond investors on Wednesday, giving them updates about the company’s finances and delivering tough news about the impact of its latest turnaround efforts. The retailer said it had started Arnal’s death was ruled a suicide, according to the New York City Medical Examiner’s Office. The New York Post Gustavo Arnal, 52, the chief financial officer of the beleaguered home goods retailer Bed Bath & Beyond, died on Friday.

Friday's death of Bed Bath & Beyond's CEO, which was confirmed Sunday by the retailer. creates another crisis for the company.

Boards can act now to ensure their plans are ready to meet the challenges of the future,” the post said. “Others are aware of the task’s true complexity and find it overwhelming. Some business leaders are too caught up in the challenges of the present. Some companies are late to the game—but it’s not too late. The time to plan for a crisis is before you're in a crisis,” All signs point to a hiring desert for companies that are unprepared. To backfill the role, it puts pressure on HR and senior leaders to fill the role quickly,” Rymasha said. If the coronavirus taught us anything, it is to expect the unexpected. Understanding which external stakeholders need to be informed when and how is their core competency. t hasbeen burning through cash reserves for several quarters, and a shopper exodus has shaken investor and vendor confidence,” according to the 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," Harriet Edelman, the independent chair of the Bed Bath & Beyond Inc. In their announcement today, Bed Bath & Beyond made no mention about plans to name his successor or if someone would fill his role on an interim basis.

Bed Bath & Beyond Inc's chief financial officer fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, ...

District Court for the District of Columbia alleged that Arnal "agreed to regulate all insider sales by BBBY's officers and directors to ensure that the market would not be inundated with a large number of BBBY shares at a given time." Cohen, a billionaire investor, disclosed a stake of nearly 10% in early March. The sales amounted to about $1.4 million, and Arnal still had almost 255,400 shares remaining. Bed Bath & Beyond confirmed his death in a press statement on Sunday but gave no details. He previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble [(PG.N)](https://www.reuters.com/companies/PG.N), according to his LinkedIn profile. ET (1630 GMT), police responded to a 911 call and found a 52-year-old man dead near the building who suffered injuries from a fall.

A man who fell to his death from a New York high-rise apartment block on Friday has been identified as Gustavo Arnal, chief financial officer of troubled ...

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Gustavo Arnal, the CFO of Bed, Bath and Beyond, fell from a New York high-rise Friday afternoon, according to police.

The company’s stock went into a free fall for days when Cohen signaled that he would drop his shares.It closed Friday at $8.63, a 63 percent drop from its August peak of $23.08. His onboarding at Bed Bath & Beyond was crucial to navigating the organization throughout the coronavirus pandemic, transforming the company’s financial foundation and building a strong and talented team, Bed Bath & Beyond said in a statement. “Our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. [ filed a complaint ](https://thebrios.com/wp-content/uploads/2022/08/2022-08-24-Si-v.-Bed-Bath-Beyond-Corporation-1-22-cv-02541-Complaint-1.pdf)alleging that Bed Bath & Beyond, Arnal and Cohen participated in a scheme to inflate the price of its stock to sell shares at a higher price. 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,” Harriet Edelman said in a statement. “Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our Company.

Bed Bath & Beyond Inc. Chief Financial Officer Gustavo Arnal fell to his death from a skyscraper in Manhattan's Tribeca neighborhood on Friday.

NEW YORK — Bed Bath & Beyond's chief financial officer (CFO) fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday (Aug ...

Bed Bath & Beyond confirmed his death in a press statement on Sunday but gave no details. Mr Cohen's RC Ventures disclosed plans to sell its stake on Aug 17. The sales amounted to about US$1.4 million (S$1.9 million), and Arnal still had almost 255,400 shares remaining. Mr Cohen, a billionaire investor, disclosed a stake of nearly 10 per cent in early March. Police identified the man as Gustavo Arnal. Advertisement

The lawsuit claimed CFO Gustavo Arnal was involved in a scheme to artificially inflate the company's value.

The lawsuit alleges Cohen approached Arnal about a plan to control shares of the company so they could both profit. 23—11 days before Arnal’s death—in the U.S. “With control over a significant portion of the public float, Cohen would essentially act as a price support for the stock while Gustavo would act in a similar capacity by controlling the sale of shares by Insiders,” the lawsuit states, according to The company said it was “in the early stages of evaluating the complaint, but based on current knowledge the company believes the claims are without merit,” according to Reuters. [plunged to his death on Friday](https://fortune.com/2022/09/04/bed-bath-beyond-cfo-gustavo-arnal-dies-falls-jenga-building-nyc/) stood accused in a lawsuit—along with activist investor Ryan Cohen—of participating in a “pump and dump” scheme to artificially inflate the company’s value. District Court for the District of Columbia lists the lead plaintiff as Pengcheng Si.

Mr Gustavo Arnal was sued last month over accusations of artificially inflating the loss-making firm's stock price in a "pump and dump" scheme.

The sales amounted to about US$1.4 million (S$2 million), and Mr Arnal still had almost 255,400 shares remaining. Last week, Bed Bath & Beyond said it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business. Bed Bath & Beyond confirmed his death in a press statement on Sunday but gave no details.