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Bed Bath & Beyond CFO plunges to death at New Yorks Jenga tower reports

(Reuters) Bed Bath & Beyond Incs chief financial officer fell to his death from the 18th floor of New Yorks Tribeca skyscraper referred to as the Jenga tower on Friday afternoon, in accordance with 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, in accordance with 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, based on the NY Post.

Bed Bath and Beyond and the brand new York Police Department didn’t immediately react to emails and demands comment.

On Aug. 16, Arnal, sold 55,013 shares in the business, Reuters calculations showed predicated 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 effort to market more of its brand, or private label, goods.

The other day, Bed Bath & Beyond said it could close 150 stores, cut jobs and overhaul its merchandising strategy so that they can change its money-losing business.

Bed Bath & Beyond forecast a bigger-than-expected 26% slump in same-store sales for the next quarter and said it could retain its buybuy Baby business, which it had set up on the market.

(Reporting by Akriti Sharma in Bengaluru; Editing by Lisa Shumaker and Deepa Babington)

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