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Buy Buy Baby Stores May Stay Open

Bed Bath & Beyond unit drawing bidders

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The inside of BuyBuy Baby in South Edmonton. Credit: Rowanlovescars, Wikimedia Commons

While Bed Bath & Beyond stores are expected to disappear in the aftermath of the retailer’s bankruptcy, its Buy Buy Baby unit could live on, CNBC reports.

The baby gear retailer is drawing interest from at least two bidders as its parent company works to auction off its assets and keep some form of its business alive, the business news cable channel said.

The interested parties include an as-yet-unnamed bidder who would purchase the banner and keep about 75 percent of stores open, while the other is Babylist, a direct-to-consumer baby registry website that wants to buy its trademark and domain.

As of late April, 120 Buy Buy Baby stores were still open.

So far, it doesn’t appear there’s any interest in buying the Bed Bath banner and keeping its stores open, but some bidders are interested in buying its digital assets, a person familiar with the matter told CNBC.

Bed Bath & Beyond’s bankruptcy auction has been delayed twice, which could indicate the company is still trying to drum up interest for its operations, CNBC said. Bids for such assets are due by June 14, and an auction, if needed, would take place two days later.

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