Gustavo Arnal

Bed Bath & Beyond on Sunday confirmed that its Chief Financial Officer Gustavo Arnal died over the weekend, after police had said earlier that Arnal fell to ...

Bed Bath also faces a class action lawsuit recently filed in the District of Columbia, accusing it of misrepresenting its value and profitability. In Bed Bath's statement on Sunday, the company noted that Arnal "was instrumental in guiding the organization throughout the coronavirus pandemic." In August, Bed Bath had multiple days with price moves of more than 20%. The New Jersey-based retailer also said it would be cutting 20% of its staff and added that it had secured more than $500 million in new financing, including a loan. Some analysts say that while the turnaround plan announced Wednesday will improve the company's liquidity position, it won't be sufficient to save Bed Bath's business. The cost-cutting measures come as Bed Bath's core business continues to struggle. Arnal joined Bed Bath in 2020 from London-based cosmetics company Avon, just after the start of the coronavirus pandemic. Those sales were made as part of a trading plan he had signed in April. The document also noted he still held 255,396 shares after those latest sales. Arnal left no note behind and did not say anything to his wife, who was home at the time, sources [according to a filing](https://bedbathandbeyond.gcs-web.com/node/16371/html). - Bed Bath said in a statement on Sunday that Arnal "was instrumental in guiding the organization throughout the coronavirus pandemic."

The 52-year-old, who was facing mounting challenges as a top leader of the struggling retailer, died by suicide according to New York City medical ...

I am proud to have been his colleague, and he will be truly missed by all of us at Bed Bath & Beyond and everyone who had the pleasure of knowing him,” said Harriet Edelman, Independent Chair of the Bed Bath & Beyond Inc. Arnal had a degree in mechanical engineering from the Simón Bolívar University in Caracas and a master’s degree in finance from the Metropolitan University. But in the first half of August, they jumped nearly 600%, to more than $30, only to plummet again. The firm was swept up in the so-called “meme trade,” in which prices fluctuate wildly due to social media hype among investors. Arnal fell from his apartment on the 18th floor. Arnal fell from his apartment in the iconic 50-story building at 56 Leonard Street in Tribeca, Manhattan.