Bed Bath & Beyond CFO plunges to loss of life at New York’s Jenga tower: reviews

Bed Bath & Beyond Inc’s chief monetary officer fell to his loss of life from the 18th flooring of New York’s Tribeca skyscraper generally known as the “Jenga” tower on Friday afternoon, in line with media reviews.

Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. He beforehand labored as CFO for cosmetics model Avon in London and had a 20-year stint with Procter & Gamble, in line with his LinkedIn profile.

Police had been referred to as to 56 Leonard Street close to Church Street round 1 p.m. ET (1700 GMT), the place an unidentified man was pronounced lifeless on the scene, in line with 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, offered 55,013 shares within the firm, Reuters’ calculations confirmed primarily based on SEC filings.

The big-box chain – as soon as thought-about a so-called “category killer” in residence and tub items – has seen its fortunes falter after an try to promote extra of its personal model, or non-public label, items.

Last week, Bed Bath & Beyond mentioned it might shut 150 shops, reduce jobs and overhaul its merchandising technique in an try to show round its money-losing enterprise.

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