According to media reviews, the chief monetary officer of Bed Bath & Beyond Inc. fell from the 18th flooring of New York’s Tribeca skyscraper, generally known as the “Jenga” tower, on Friday afternoon.
Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. She beforehand labored as CFO for cosmetics model Avon in London and had a 20-year stint with Procter & Gamble, in accordance with her LinkedIn profile.
According to the New York Post, police have 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 useless.
Bed Bath & Beyond and the New York Police Department didn’t instantly reply to emails and requires remark.
On August 16, Arnal bought 55,013 shares within the firm, as proven by Reuters calculations based mostly on SEC filings.
The big-box chain — as soon as thought-about the so-called “category killer” in house and bathtub items — has seen its fortunes falter after making an attempt to promote its personal model, or non-public label, items.
Last week, Bed Bath & Beyond mentioned it might shut 150 shops, reduce jobs and alter its enterprise technique in an effort to show round its money-loss enterprise.
Bed Bath & Beyond forecast a greater than 26% drop in same-store gross sales for the second quarter and mentioned it might preserve its BuyBuy Baby enterprise, which it had put up on the market.
With inputs from TheIndianEXPRESS
