Bed Bath & Beyond CFO plunges to death at New York’s Jenga tower – reports

Signage is seen at a Bed Bath & Beyond retailer in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew Kelly/File Photo

Sept 4 (Reuters) – Bed Bath & Beyond Inc’s chief monetary officer fell to his death from the 18th ground of New York’s Tribeca skyscraper generally known as the “Jenga” tower on Friday afternoon, in accordance to media reports.

Gustavo Arnal, 52, joined Bed Bath & Beyond (BBBY.O) in 2020. He beforehand labored as CFO for cosmetics model Avon in London and had a 20-12 months stint with Procter & Gamble (PG.N), in accordance to his LinkedIn profile.

Police had been known as to 56 Leonard Street close to Church Street round 1 p.m. ET (1700 GMT), the place an unidentified man was pronounced lifeless at the scene, in accordance to the New York Post.

Bed Bath and Beyond and the New York Police Department didn’t instantly reply to emails and requires remark.

On Aug. 16, Arnal, bought 55,013 shares within the firm, Reuters’ calculations confirmed based mostly on SEC filings.

The huge-field chain – as soon as thought-about a so-known as “category killer” in residence and bathtub items – has seen its fortunes falter after an try to promote extra of its personal model, or personal label, items.

Last week, Bed Bath & Beyond mentioned it might shut 150 shops, reduce jobs and overhaul its merchandising technique in an try to flip round its cash-dropping enterprise. learn extra

Bed Bath & Beyond forecast a much bigger-than-anticipated 26% droop in identical-retailer gross sales for the second quarter and mentioned it might retain its buybuy Baby enterprise, which it had put up on the market.

Reporting by Akriti Sharma in Bengaluru; Editing by Lisa Shumaker and Deepa Babington

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