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Reorg Radio

Reorg Radio Americas: Serta Simmons Bedding, Bed Bath & Beyond, Party City Holdco, ECO

Jan 16, 2023
40:43
Snipd AI
This podcast discusses bankruptcy filings of Bed Bath & Beyond and Party City, importance of buying assets and cash flows, demographic trends, and inspiring global health charity.
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Podcast summary created with Snipd AI

Quick takeaways

  • Bed Bath & Beyond and Party City are both preparing for bankruptcy filings, with Bed Bath & Beyond planning to liquidate inventory and monetize brands.
  • Joel Holsinger emphasizes the importance of positive impact investing and predicts a recession, suggesting a shift to purpose-driven funds.

Deep dives

Bed Bath and Beyond and Party City prepare for Chapter 11 filings

Bed Bath and Beyond plans to file for Chapter 11, including potential liquidation of inventory, monetization of brands, and sale of subsidiary buy-by-baby. Party City is also preparing for a bankruptcy filing. Bed Bath and Beyond disclosed negative adjusted EBITDA and a drop in net sales for its third fiscal quarter. Both companies are advised by legal and financial firms.

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