Signs announcing that every little thing is on sale on the Buy Buy Baby store within the Brooklyn neighborhood of Recent York City, February 6, 2023.
Stephanie Keith | Bloomberg | Getty’s paintings
Auction process for A shower in bed and more and its assets were increased again as talks progressed with potential bidders, namely for the Buy Buy Baby chain of stores.
In court papers filed on Thursday, Bed Bath & Beyond said it might delay the sale deadline by several days “to make sure the biggest possible value-maximizing deal is achieved”.
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The delay is as a consequence of the corporate holding talks with potential bidders for Buy Buy Baby, which has received essentially the most attention thus far before and throughout the bankruptcy process. The Bed Bath & Beyond chain of stores of the identical name continues to be expected to be dissolved after bankruptcy.
The assets of baby gear retailer Buy Buy Baby have previously attracted interest from at the very least two bidders, including Babylist, CNBC previously reported. Interest is concentrated particularly on the mental property of the network.
There have been also discussions about selling the retailer to the private equity firm behind kid’s clothing brand Janie and Jack, The Wall Street Journal reported this week.
Buy Buy Baby has been hailed because the jewel within the asset crown, reportedly garnering interest in 2022 and months before filing for bankruptcy.
While there appears to be little interest in Bed Bath & Beyond and its stores, potential bidders might want its digital assets, CNBC previously reported.
The valuation of those assets stays unclear.
Bed Bath & Beyond filed for bankruptcy protection in April after months of failed efforts and warnings it could find yourself in court.
Sneak horse bids, or the minimum bid per auction, now expire on June 11 at 5:00 p.m. EST. The bid deadline is now June 16 at noon EST. If mandatory, the auction will happen on June 21.
The corporate said in court documents that it believed “these limited extensions are appropriate and mandatory to maintain these cases running easily, while not precluding an appropriate assessment of recent indications of interest.”