Retail News

GameStop chairman takes a big stake in Bed Bath & Beyond

CNBC 03/07/2022

GameStop chairman Ryan Cohen has taken a nearly 10 percent stake in Bed Bath & Beyond. Mr. Cohen, who cofounded Chewy, wrote in a letter to the company’s board that it should consider spinning off the BuyBuy Baby chain and selling the rest of the business to a private equity group. The retail said it would review Mr. Cohen’s letter and it hoped “to engage constructively around the ideas they have put forth.”

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