Bed Bath and Beyond

2023 - 2 - 11

Bed Bath & Beyond's Canadian operations are going out of ... (CBC.ca)

Bed Bath & Beyond's Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to ...

Alvarez & Marsal has been appointed as a monitor of the business in the Canadian court case. Bed Bath & Beyond Canada had a net loss of $99.5 million for the nine-month period ending Nov. The Canadian business does not have the "capacity or ability to independently effect a recapitalization or restructuring of the Canadian operations without access to cash and the support" from the parent company and its lenders, according to the filing. The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the website of consultancy Bed Bath & Beyond's Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a U.S. Bed Bath & Beyond Canada going out of business, closing 54 stores

Bed Bath & Beyond Canada granted creditor protection, winding down (CTV News)

Bed Bath & Beyond Canada Ltd. was granted an initial order for creditor protection by the Ontario Superior Court of Justice Friday under the Companies' ...

In Yellowknife, the report said, the growing senior population, urbanization and strong labour market has pressured the housing supply. The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. The federal government's latest TFSA contribution limit increase took effect as of January 1, 2023. On CTVNews.ca, personal finance contributor Christopher Liew explains what's determined as a principal residence, and what properties are eligible for the exemption. [Selling a home? In an column on CTVNews.ca, personal finance contributor Christopher Liew explains how to calculate how much rent you can afford. OPINION The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago. Many Canadians are experiencing strains caused by the increased cost of living and inflation. opinion 26, 2022, the documents show. [MORE Business News](https://www.ctvnews.ca/business)

Bed Bath & Beyond to Shut Down Canadian Stores in Bankruptcy (The Wall Street Journal)

Bed Bath & Beyond's Canadian division will shut down its stores under court protection after the company received an unusual lifeline earlier this week to ...

business and bring the Canadian business to profitability, the company said in filings with an Ontario court. Bed Bath & Beyond has “reluctantly concluded” that even with the lifeline of its and Canadian operations, even with its newfound financial lifeline

Bed Bath & Beyond Puts Canada Business in Court Protection (1) (Bloomberg Law)

Bed Bath & Beyond Inc. placed its Canadian operations into court-supervised creditor protection Friday with plans to wind down its business in the country, ...

[filing](https://www.alvarezandmarsal.com/sites/default/files/canada/Factum%20-%20Applicant%20-%20BBB%20Canada%20Ltd.%20-%2010-FEB-2023.pdf). 7 equity raise provided no further funding for the company’s Canadian operations, which include 65 stores and 1,425 full- and part-time employees, according to the [filings](https://www.alvarezandmarsal.com/sites/default/files/canada/Factum%20-%20Applicant%20-%20BBB%20Canada%20Ltd.%20-%2010-FEB-2023.pdf).