https://finance.yahoo.com/m/d2ce6006-d426-35a3-bd36-d52cfe28c4bd/bed-bath-beyond-says-it.html
And Bloodbath cannot give them that.
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They failed to pay the interest on loans as of 2/1 per WSJ.
The sequence of events seems to lead to bankruptcy and then maybe a sale of the parts to various buyers. Although they may wait until liquidation and then just buy the brand names free and clear without any debt or other encumbrances.