Sign up now for FREE unlimited access to Reuters.comSign up Sept 4 (Reuters) – The chief financial officer of Bed Bath & Beyond Inc ( BBBY.O ) fell to his death from New York’s Tribeca skyscraper known as the “Jenga” tower on Friday afternoon, police said, days after the company announced that many stores were closing. Gustavo Arnal, 52, joined Bed Bath & Beyond ( BBBY.O ) in 2020. He previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble ( PG.N ), according to his LinkedIn. Profile. On Friday at 12:30 p.m. ET (1630 GMT), police responded to a 911 call and found a 52-year-old man dead near the building, who appeared to have suffered injuries from a fall. Police identified the man as Gustavo Arnal. Sign up now for FREE unlimited access to Reuters.comSign up The police statement did not elaborate on the circumstances leading to Arnal’s death, but added that the New York City Medical Examiner’s Office will now determine the cause of death. Bed Bath and Beyond did not immediately respond to requests for comment. On Aug. 16, Arnal sold 55,013 shares of the company, according to Reuters calculations based on SEC filings. The big box chain – once considered a so-called “category killer” in home and bath products – has seen its fortunes falter after a push to sell more of its own brand or private label products. Last week, Bed Bath & Beyond said it would close 150 stores, cut jobs and overhaul its merchandising strategy in an effort to turn around its money-losing business. read more Bed Bath & Beyond forecast a bigger-than-expected 26% drop in same-store sales for the second quarter and said it would keep the buybuy Baby market, which it had put up for sale. The 60-story tower at 56 Leonard Street in Tribeca takes its name from the way apartments stack up like blocks in the game Jenga. Sign up now for FREE unlimited access to Reuters.comSign up Reporting by Kanishka Singh in Washington and Akriti Sharma in Bengaluru. Edited by Lisa Shumaker and Deepa Babington Our Standards: The Thomson Reuters Trust Principles.
