Bed Bath & Beyond Ends Effort to Save Buybuy Baby Chain

Bed Bath & Beyond canceled an auction for its Buybuy Baby retail chain, abandoning a last-ditch effort to find a buyer that would continue to operate at least some of the stores.

Last week, Bed Bath & Beyond reached a tentative agreement to sell Buybuy Baby’s intellectual property to fellow baby-products retailer Dream On Me Industries for $15.5 million. That deal was pending the outcome of another auction for all or parts of Buybuy Baby’s assets that was scheduled for Friday.

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Bed Bath & Beyond ends auction for Buy Buy Baby storesBankrupt retailer Bed Bath & Beyond has ended its efforts to find a buyer for its entire Buy Buy Baby business, and it will instead seek U.S. court approval for a more limited sale of Buy Buy Baby's intellectual property assets.
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