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Bye bye buybuy BABY.
Bed Bath & Beyond's baby retailer remains valuable
Pillow and mattress specialist Bed Bath & Beyond has filed for bankruptcy. The former ‘category killer’ has been hurting financially for a long time as shoppers went online. In an act of mercy, management made the difficult decision to take one of the pillows it could not sell and press it down firmly over the face of the company to stop the pain. Into the beyond.
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The Economist’s banana index
You may be familiar with The Economist’s Big Mac Index, which is a light-hearted way to measure purchasing power parity.
Meet the banana index – a way to measure the climate impact of food. By using the banana as a baseline, the index aims to make the relative carbon impact of different foods easier to understand and digest. This comparison allows for a more accurate assessment of the environmental impact of various foods, taking into consideration not only their emissions but also their nutritional value.
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buybuy BABY remains valuable
Bed Bath & Beyond has filed for bankruptcy and will seek a buyer for the business in whole or in part. One part that is likely to attract interest is the baby retailer ‘buybuy BABY’.
The company operates 133 stores throughout the US and was founded by the sons of a Bed Bath & Beyond co-founder. Bed Bath & Beyond bought the business in 2007 for $67 million. Until 2018, its main competitor was Babies "R" Us, which suffered a similar fate when its parent company, Toys "R" Us, filed for bankruptcy.
In early 2022, activist investor Ryan Cohen stated in a letter that buybuy BABY's value exceeded Bed Bath & Beyond's entire market capitalization and suggested considering a spinoff or finding a buyer to take the entire company private. He may now get his wish.
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