Bed Bath & Beyond CFO plunges to death on New York’s Jenga Tower

Bed Bath & Beyond CFO plunges to death on New York’s Jenga Tower
Bed Bath & Beyond CFO plunges to death on New York’s Jenga Tower

Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. He previously worked as CFO for the London cosmetics brand Avon and had a 20-year stint at Procter & Gamble, according to his LinkedIn profile.

Police were called to 56 Leonard Street near Church Street around 1:00 p.m. ET (1700 GMT), where an unidentified man was pronounced dead at the scene, the New York Post said.

Bed Bath and Beyond and the New York Police Department did not immediately respond to emails and calls for comment.

As of Aug. 16, Arnal sold 55,013 shares of the company, Reuters calculations based on SEC filings showed.

The big-box chain — once considered a so-called “category killer” in home and bathroom supplies — has seen its fortunes falter after attempting to sell more of its own, or private label, goods.

Last week, Bed Bath & Beyond said it would close 150 stores, cut jobs and overhaul its merchandising strategy in an effort to reverse its money-losing business.

Bed Bath & Beyond forecast a bigger-than-expected 26% drop in same-store sales for the second quarter and said it would maintain its buybuy baby business it had put up for sale.

The article is in Dutch

Tags: Bed Bath CFO plunges death Yorks Jenga Tower

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