Bed Bath & Beyond executive falls to his death from New York tower, police say | US news

The chief financial officer of the troubled home goods retailer Bed Bath & Beyond fell to his death from a New York skyscraper known as the “Jenga” tower on Friday, police said, just days after the company said it was closing several stores.

Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. He previously worked for the cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble, according to his LinkedIn profile.

On Friday at 12.30pm, police responded to a 911 call and found a 52-year-old man dead near the Tribeca building, who appeared to have suffered injuries from a fall. Police identified the man as Gustavo Arnal.

Police did not provide further details on the circumstances leading to Arnal’s death but said the New York City Medical Examiner’s Office would determine the cause of the fatality.

Bed Bath & Beyond did not immediately respond to requests for comment.

On 16 August, Arnal sold 55,013 shares in the company, Reuters’ calculations based on SEC filings showed.

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 own-brand 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 buybuyBaby business, which it had put up for sale.

The 60-story tower at 56 Leonard Street in Tribeca gets its name from the way the apartments are stacked like blocks in the Jenga game.

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