Bed Bath & Beyond may be ready to sell off elements of its retail operation, as published reports indicate that the company has hired Goldman Sachs to help it divest at least some of its assets.
Cost Plus World Market is among those assets identified in the report that Bed Bath & Beyond may sell.
In early August, board member and interim CEO Mary Winston told participants in Bed Bath & Beyond’s annual meeting that the company was reviewing the store portfolio, which includes brick-and-mortar, and digital operations, to determine if and what it might divest. However, she said at that time, final decisions about any sales had not yet been reached.
In a July 25 United States Securities and Exchange Commission filing, a company spokesperson pointed out, Bed Bath & Beyond stated that it was working with Goldman Sachs in association with its stated near-term priority to review its portfolio of assets. The spokesperson said that Bed Bath & Beyond would have no other comment on the reports.
The story has been updated to include the Bed Bath & Beyond spokesperson’s response.