Press "Enter" to skip to content

Bed Bath & Beyond CFO plunges to death at New York’s Jenga tower – Hindustan Times

Bed Bath & Beyond Inc’s chief financial officer fell to his death from the 18th floor of New York’s Tribeca skyscraper known as the “Jenga” tower on Friday afternoon, according to media reports.

Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. He previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble, according to his LinkedIn profile.

Police were called to 56 Leonard Street near Church Street around 1 p.m. ET (1700 GMT), where an unidentified man was pronounced dead at the scene, according to the New York Post.

Bed Bath and Beyond and the New York Police Department did not immediately respond to emails and calls for comment.

On Aug. 16, Arnal, sold 55,013 shares in the company, Reuters’ calculations showed based on SEC filings.

The big-box chain – once considered a so-called “category killer” in home and bath goods – has seen its fortunes falter after an attempt to sell more of its own brand, or private label, goods.

Last week, Bed Bath & Beyond said it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business.

Bed Bath & Beyond forecast a bigger-than-expected 26% slump in same-store sales for the second quarter and said it would retain its buybuy Baby business, which it had put up for sale.


Less time to read?

Try Quickreads

  • Former US President Donald Trump.

    Trump calls Biden ‘enemy of the state’ during 1st rally since FBI raids

    Donald Trump has lashed out at his successor Joe Biden by branding him an “enemy of the state” at his first rally since the FBI searched the former US president’s Florida estate for sensitive classified files. Trump hit back at President Biden’s assertion last week in Philadelphia that the former leader and his die-hard Republican supporters are undermining American democracy. He warned it would produce “a backlash the likes of which nobody has ever seen”.

  • A screenshot of the website for Manbir Amar’s film Footsteps Into Gangland (Supplied pic)

    Canada: Violent killing of activist shocks Indo-Canadian community in British Columbia

    The Indo-Canadian community in the Metro Vancouver region in the Canadian province of British Columbia is in a state of shock following the violent killing of an activist, who also made a mark in movies opposing gang culture. The unfortunate death of Manbir Mani Amar occurred on Wednesday afternoon. A suspect has been arrested but not yet named, and the case is being investigated by the Integrated Homicide Investigation Team.

  • A still from the film Kacchey Limbu, which will have its world premiere at TIFF this month. (Source: TIFF)

    Five Indian films to premiere at Toronto festival

    As the 2022 edition of the Toronto International Film Festival (TIFF) returns with screenings in theatres, Indian movies will make their presence felt with as many as five scheduled to have their premieres. As the Greater Toronto Area has a large Indo-Canadian population, among the major attractions for the community this year will be the debut feature Kacchey Limbu, from director Shubham Yogi. On the slate is National Award-winning director Rima Das’ Tora’s Husband.

  • Bangladesh Prime Minister Sheikh Hasina.

    ‘Bangladesh is…:’ Sheikh Hasina on recent attacks on Hindu community

    Ahead of PM Sheikh Hasina’s visit to India, Bangladesh Prime Minister Sheikh Hasina has said countries should show “magnanimity” when asked about incidents of attacks on the Hindu community in her country, asserting that Bangladesh is a secular country and her government takes immediate action when such incidents take place. Hasina said her government strongly supports secularism and any attempts to disturb communal harmony are immediately dealt with. She is also likely to visit Ajmer.

  • Bangladesh prime minister Sheikh Hasina

    Bangladesh won’t face crisis like Sri Lanka: Sheikh Hasina on post-Covid economy

    Dismissing concerns that Bangladesh could go the Sri Lanka way, Prime Minister Sheikh Hasina said that despite the Covid-19 onslaught and the conflict in Ukraine, her country’s economy continued to be in robust shape and that her regime exercised a high level of diligence when taking any loans. In an interaction with ANI, Prime Minister Hasina said that currently the world as a whole was facing challenges which were not restricted only to Bangladesh.