Bed Bath & Beyond will live on. The brand, that is, not the stores.
The company closed dozens of locations in the last year, a number of them in the tri-state area.The retailer's name, intellectual property and digital assets were purchased by Overstock.com for $21.5 million, according to& Beyond filed for bankruptcy in April.& Beyond's assets, setting the minimum price . Ten Twenty Four, a software company, also bid for the Beyond.com domain and will buy it if Overstock's deal falls through.
A hearing is set for next Tuesday to finalize the purchase. Overstock didn't immediately return CNN's request for comment.& Beyond owns, is being sold off in a separate sales process and is considered the most attractive part of the retailer's assets. Neil Saunders, a retail analyst and managing director at GlobalData Retail, previously told CNN that the buybuyBaby business "is the one part of the operation that will probably attract interest from buyers.
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