Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat.
on Sunday after the home goods retailer failed to secure funds to stay afloat.
In March, the company said it would sell $300 million worth of its shares to raise more capital and might have to file for bankruptcy if it failed to secure the funds.Reporting by Granth Vanaik and Ananya Mariam Rajesh in Bengaluru; Editing by Shinjini Ganguli, Subhranshu Sahu and Devika Syamnath
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