Bed Bath & Beyond
struck a $120 million deal to help get merchandise back on its shelves as it tiptoes around a potential bankruptcy filing, the company said on Wednesday.
ReStore Capital, an investment manager that provides “creative financing solutions” in the retail industry, will buy up to $120 million of merchandise from Bed Bath’s (ticker: BBBY) key suppliers to boost inventory at the embattled retailer’s stores.
Source: https://www.barrons.com/articles/bed-bath-beyond-strikes-120-million-deal-boost-inventory-2d6526e?siteid=yhoof2&yptr=yahoo