UNION, N.J., March 7, 2022 /PRNewswire/ -- Bed Bath &
Beyond Inc. (Nasdaq: BBBY) today issued the following statement
regarding the letter from RC Ventures LLC to Bed Bath &
Beyond's Board of Directors, which was received yesterday
evening:
"Bed Bath & Beyond's Board and management team maintain a
consistent dialogue with our shareholders and, while we have had no
prior contact with RC Ventures, we will carefully review their
letter and hope to engage constructively around the ideas they have
put forth."
"Our Board is committed to acting in the best interests of our
shareholders and regularly reviews all paths to create shareholder
value. 2021 marked the first year of execution of our bold,
multi-year transformation plan, which we believe will create
significant long-term shareholder value."
About Bed Bath & Beyond
Bed Bath & Beyond Inc.
and subsidiaries (the "Company") is an omnichannel retailer that
makes it easy for our customers to feel at home. The Company sells
a wide assortment of merchandise in the Home, Baby, Beauty and
Wellness markets. Additionally, the Company is a partner in a joint
venture which operates retail stores in Mexico under the name Bed Bath &
Beyond.
Investors:
Susie A.
Kim, ir@bedbath.com
Media:
Julie Strider,
media@bedbath.com
Or
Jim Barron/Jared Levy
Sard Verbinnen & Co.
BBBY-SVC@sardverb.com
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SOURCE Bed Bath & Beyond