• September 15, 2024

An Executive Of This Retail Chain Found Dead After Being Forced To Close Over 100 Stores…

Gustavo Arnal, the chief financial officer of troubled Bed Bath & Beyond (BBB), has been identified as the man who plunged to his death on Friday.

The 52-year-old troubled CFO was also an executive vice president for the struggling home goods retailer, plunged from the 18th floor of 56 Leonard St.

On Monday, Arnal’s deadly leap from his swanky Tribeca high-rise apartment was officially ruled a suicide by the city’s medical examiner.

According to reports, BBB has faced myriad financial struggles in the past few years, most recently announcing it would close 20% of its stores, trim its workforce, and look for ways to recapitalize.

Arnal had been brought in amid the pandemic in 2020 to help accelerate the company’s recovery, and BBB had announced in August it had secured new financing to increase liquidity.

Before joining Bed Bath & Beyond in 2020, Arnal worked as a finance executive for Avon and Proctor & Gamble.

Here’s what The New York Post reported:

The chief financial officer of troubled Bed Bath & Beyond has been identified as the man who jumped to his death from the iconic new Tribeca skyscraper known as the “Jenga Building,” The Post has learned.

Gustavo Arnal, 52, who was also an executive vice president for the struggling home goods retailer, plunged from the 18th floor of 56 Leonard Street on Friday, police sources said.

The 60-story building is best known for its purposely misaligned apartments stacked atop each other, resembling the popular game “Jenga.”

In 2021, he made more than $2.9 million via Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com.

Messages left with Bed Bath & Bed and Arnal’s family Saturday were not immediately returned.

On Aug. 16, Arnal sold 42,513 shares in company stock for a little over a $1 million, according to MarketBeat.com.

Watch the video report here: GMA/Youtube

Sources: TheGatewayPundit, CNBC, The New York Post 

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