Bed Bath & Beyond schedules separate auction for Buy Buy Baby assets

Bed Bath & Beyond is moving connected different past ditch effort to support 1 of its chains alive.

The retailer said successful tribunal papers it volition tally a abstracted merchantability process for Buy Buy Baby — considered the crown jewel of its assets — arsenic it moves guardant with the auction of its Bed Bath & Beyond chain.

The abstracted merchantability process gives Bed Bath & Beyond much breathing country to nab a bid from a purchaser that could beryllium consenting to support Buy Buy Baby stores open, oregon astatine slightest maximize an connection price.

Buy Buy Baby assets garnered interest from buyers adjacent earlier its genitor institution filed for bankruptcy successful April. The babe merchandise retailer has since attracted funny buyers during the merchantability process, including from immoderate prospective bidders that person adjacent shown involvement successful keeping its carnal footprint alive, CNBC antecedently reported.

The auction for Buy Buy Baby's assets is slated to instrumentality spot connected June 28.

Meanwhile, Bed Bath & Beyond's destiny to shutter its stores appears to beryllium sealed. An auction for the retailer's assets volition determination guardant connected Wednesday.

Last week, Overstock.com submitted a $21.5 cardinal offer for Bed Bath & Beyond's assets, including its intelligence property, business, net and mobile properties and each concern data. The bid will beryllium utilized to acceptable the level astatine the auction.

The merchantability process was extended precocious arsenic the institution held discussions with prospective stalking equine bidders who would acceptable the level astatine the auction.

Bed Bath & Beyond's stores were considered little apt to pull interest, and buyers were expected to absorption connected its integer assets. The retailer had attempted galore times successful caller months to crook its concern astir earlier its bankruptcy filing successful April.