What remains of Bed Bath & Beyond has been bought by e-commerce discounter Overstock. com.
Overstock.com was the bankruptcy auction's stalking-horse bidder, placing the initial bid on Bed Bath & Beyond's assets and setting the floor price at the auction.
After the initial bid came in, Bed Bath & Beyond signaled it would wait to field more attractive offers from other potential buyers. But no other such offers materialized, it seems. The auction's backup bidder was JOWA Brands, which bid solely on the retailer's private sheets and towels label, Wamsutta. The retail giant also plans to sell its baby-goods store Buy Buy Baby, which has generated considerable interest from prospective buyers, CNBCBed Bath & Beyond, the bankrupt big-box retailer known for its dizzying array of home goods, has been bought by e-commerce discounter Overstock.com, court filings from Thursday show.
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