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What happens to buybuy BABY with Bed Bath & Beyond planning to go out of business | CNN Business

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America's leading specialty baby products retailer will shutter its 120 stores, a consequence of parent company Bed Bath & Beyond's bankruptcy filing.

America’s leading specialty baby products retailer will shutter its 120 stores, a consequence of parent company Bed Bath & Beyond’s bankruptcy filing on Sunday. buybuy BABY and its website will remain open for now, along with 360 Bed Bath & Beyond stores, as the company secured a $240 million loan to help fund its operations during bankruptcy. Store closing sales will start Wednesday, as the company is using Chapter 11 proceedings to put itself up for sale.

The baby and toddler stores were founded in 1996 by Richard and Jeffrey Feinstein, the sons of Bed Bath & Beyond’s co-founder. It was among the stores the firm acquired in the 2000s: Harmon Stores, Christmas Tree Shops, buybuy BABY and Cost Plus World Market. Bed Bath & Beyond placed some hope in buybuy BABY while it struggled to survive.

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