Bed Bath & Beyond Puts Canada Business in Court Protection (1)

Bed Bath & Beyond Inc. placed its Canadian operations into court-supervised creditor protection Friday with plans to wind down its business in the country, according to court filings.

The move to file under Canada’s Companies’ Creditors Arrangement Act comes days after the Union, New Jersey-based retailer’s US operations narrowly avoided bankruptcy with a surprise last-minute fundraising effort.

The agreement struck with lenders as part of the Feb. 7 equity raise provided no further funding for the company’s Canadian operations, which include 65 stores and 1,425 full- and part-time employees, according to the filing.

A representative for Bed Bath ...