Bed Bath & Beyond to Sell BuyBuy Baby Name for $15.5 Million

Bed Bath & Beyond Inc. won court permission to sell the name of its BuyBuy Baby unit for $15.5 million after the business, once considered the retailer’s prized asset, failed to attract any bidders willing to keep the company going.

• The stores will be shut down and the leases will either be canceled, or sold off to another retailer willing to take over the spaces, according to court documents
• “I share the disappointment in the lack of bids,” US Bankruptcy Judge Vincent F. Papalia said during a court hearing Tuesday afternoon. “I had higher hopes going in”
• New Jersey-based baby ...