After CEO's Ouster, Bed Bath & Beyond Looks to Sell Off Assets
Bed Bath & Beyond's (NASDAQ: BBBY) hodgepodge acquisition strategy never really made much sense, but the upheaval caused by activist investors, which led to the ouster of CEO Steven Temares, now has the home goods retailer looking to sell off some or all of those assets, and maybe even the company itself.
After yet another dismal earnings report in July, which detailed a drop in first-quarter sales and profits and another massive writedown on its assets, interim CEO Mary Winston said part of her four-point plan to turn the company around included a review of its asset base.
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Source Fool.com
