Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. He previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble, according to his LinkedIn profile. On Friday at 12:30 p.m., 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.
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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. Trending Stories
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Story continues below ad 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. 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. (Reporting by Kanishka Singh in Washington and Akriti Sharma in Bengaluru; Editing by Lisa Shumaker and Deepa Babington)
