Death Of Bed Bath & Beyond CFO Gustavo Arnal by Suicide
The passing of Bed Bath & Beyond CFO Gustavo Arnal on Friday, which the retailer disclosed on Sunday, puts the company in another crisis.
According to Reuters, the chief financial officer died on Friday after falling from the "Jenga" tower in New York's Tribeca neighbourhood.
NBC News reported that Arnal, 52, died recently "days after the retail chain declared it would close about
150 of its more than 700 namesake stores and lay off about 20% of its 32,000 staff members
after its stock dropped more than 21% last Wednesday and 65% in the previous year, as per The Associated Press."
The home-goods retailer is trying to cut expenses and raise money as it tires out trying to
fix recent operational errors and navigate a difficult economic environment.
"I would like to send Gustavo's family our deepest condolences. Gustavo will be remembered for his leadership, talent, and management of our Company by everyone with whom he worked. said by Board Of Directors