Bed Bath & Beyond is in talks to sell its Buybuy Baby chain to retail investment firm Go Global Retail, the Wall Street Journal reported on Monday citing people familiar with the matter.
Under the potential deal, Overstock.com would close all remaining physical locations of Bed Bath & Beyond, according to the report.
Bed Bath & Beyond succumbed to dwindling sales and mounting losses earlier this year, resulting in a Chapter 11 bankruptcy, with the company also initiating a liquidation sale and moving to shut its stores.
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