Home good retailer Bed, Bath & Beyond has been struggling from the last quarter and has been dealt with a fresh blow. The executive, who jumped from the iconic Jenga skyscraper in Manhattan, New York City, on September 2, has been identified as the Chief Financial Officer of BB&B. The company has not commented on the news, as yet.
On September 4, Gustavo Arnal was the man who jumped from the unique Jenga skyscraper in the Tribeca neighborhood of Manhattan. He had jumped from the balcony of the 18th floor of the high rise apartment. Police sources identified him as the Gustavo Arnal. The 52-year old was the CFO at Bed, Bath & Beyond.
On Sunday, the New York Police Department released a statement which said that 52-year old Arnal was lying unconscious and unresponsive outside a luxury 57-story scraper, which is the Jenga, in Leonard Street, in the Tribeca neighborhood at about 12.30 p.m., on Friday. According to emergency radio transmissions, the executive landed on the roof of a building next door.
Although the Medical Examiner’s Office has to determine the cause of death, it is suspected to be suicide, although there was no suicide note, according to reports. It has also been alleged that Arnal’s wife had seen him jump. The investigation is ongoing and there has been no comment from Bed, Bath & Beyond as well as the Medical Examiner’s office, as of now.
An earlier report by Reuters has said that Arnal had sold 55,013 shares in Bed, Bath & Beyond on August 16, 2022. On Wednesday, the home good retailer announced that it was planning to close 150 stores that were “lower producing.” The company has also planned to layoff 20 percent of its workforce. Bed, Bath & Beyond has gone for restructuring after there was a 26 percent slump in sales in the last quarter.
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