Bed Bath & Beyond CFO plunges to death at New York’s Jenga tower | World News

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 pm 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


  • Liz Truss and Rishi Sunak before taking part in the BBC Conservative Party leadership debate in Stoke-on-Trent, England, 

    Rishi Sunak vs Liz Truss: Who will be the next PM? UK to find out today

    The UK will finally find out Boris Johnson’s successor as prime minister on Monday, after a bitter Conservative Party contest between Foreign Secretary Liz Truss and former Chancellor of the Exchequer Rishi Sunak. The winner will take power on Tuesday after the outgoing and incoming premier have met with Queen Elizabeth II at Balmoral, her castle in Scotland. Sunak, 42, would be its first from an ethnic minority.

  • Stabbing rampage in remote Canada communities;  10 killed, several injured.  (Getty Images/iStockphoto)

    Stabbing rampage in Canada’s Saskatchewan; 10 killed, several injured

    Ten people were killed and several injured in stabbings in two remote Canadian communities Sunday, police said, as they launched a manhunt across three provinces for two suspects. “We have located 10 deceased individuals in 13 locations in the community of James Smith Cree Nation and Weldon, Saskatchewan,” Royal Canadian Mounted Police Assistant Commissioner Rhonda Blackmore told a news conference.

  • Emergency declared as flash flooding hits northwest Georgia

    Emergency declared as flash floods hit northwest Georgia

    Thunderstorms and heavy rain pounded parts of northwest Georgia on Sunday, sparking flash flooding in some areas. Georgia Gov. Brian Kemp declared a state of emergency Sunday afternoon in Chattooga and Floyd Counties, directing all state resources to help with “preparation, response and recovery activities.” The National Weather Service said rainfall of up to one inch per hour was causing creeks, streams, roadways and urban areas to experience unusually high levels of water.

  • 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.

.

Leave a Comment