Bed Bath And Beyond Facing Possible Bankruptcy
The company said it does not have the sufficient resources to repay the amounts under the Credit Facilities.
A company founded in 1971 could soon be forced to file for bankruptcy. Bed Bath and Beyond was one of the first big retailers in the specialty-store space. On Thursday, the retailer received a notice of default from its lender, JPMorgan Chase. The company said it does not have the sufficient resources to repay the amounts under the Credit Facilities,…