Mattress Bathtub & Past in talks to promote Buybuy Child to Go World Retail

2 views 10:41 pm 0 Comments June 5, 2023



© Reuters. FILE PHOTO: Inside view of a buybuy Child retailer in Libertyview Industrial Plaza, Brooklyn, New York, U.S., September 14, 2022. REUTERS/Siddharth Cavale

(Reuters) -Mattress Bathtub & Past is in talks to promote its Buybuy Child chain to retail funding agency Go World Retail, the Wall Avenue Journal reported on Monday citing individuals aware of the matter.

The as soon as high-flying dwelling items chain, which filed for chapter in April, can also be fielding curiosity from on-line retailer Overstock.com (NASDAQ:) for the mental property behind the principle Mattress Bathtub & Past (OTC:) banner, the report added.

Below the potential deal, Overstock.com would shut all remaining bodily places of Mattress Bathtub & Past, in response to the report.

Mattress Bathtub & Past, Go World Retail and Overstock.com didn’t instantly reply to Reuters’ requests for feedback.

Mattress Bathtub & Past succumbed to dwindling gross sales and mounting losses earlier this yr, leading to a Chapter 11 chapter, with the corporate additionally initiating a liquidation sale and shifting to close its shops.

Whereas Mattress Bathtub & Past’s eponymous retailer banner had struggled to drag prospects after a failed merchandise technique, analysts stated the Buybuy Child chain had higher probabilities of drawing patrons after the chapter.

The corporate had stated in April it deliberate to make use of the Chapter 11 proceedings to hunt outdoors patrons who might maintain its enterprise going or buy belongings such because the child gear chain.

Mattress Bathtub & Past launched store-closing gross sales throughout all 360 namesake shops and 120 Buybuy Child places throughout the US late in April.

Go World Retail owns youngsters’s clothes model Janie and Jack and womenswear label ModCloth – which it acquired from Walmart (NYSE:). It primarily invests in client retail and vogue companies.

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