![]() You can even explore recent offers in Beaverton to view market insights from Beaverton real estate agents, and see what it takes to win in this area.īrowse our agent profiles, view past sales, and read reviews to find the best real estate agent for you. No matter your real estate needs, our Beaverton Realtors® and real estate agents will help you understand the Beaverton real estate market with their local expertise, tour the homes you're interested in, and help you win in a competitive market. Its top 30 largest unsecured creditors include a number of vendors, freight firms and landlords.Our Redfin agents combine the power of cutting-edge technology with their local expertise to help guide you through the process of buying and selling your home. Bed Bath & Beyond officially offloaded the home and decor specialty chain Cost Plus World Market in January 2021.Ĭhristmas Tree Shops’ bankruptcy petition listed estimated assets at between $50 million to $100 million and estimated liabilities at between $100 million and $500 million. Bed Bath & Beyond sold the nameplate to Handil in October 2020 as the home retailer tried to slim down by selling off One Kings Lane, and Linen Holdings. and parent Handil Holdings on Friday filed Chapter 11 petitions in Delaware. The Union, N.J.-based chain is trying to claw back $31.7 million from container shipping company OOCL for fees and other surcharges when its subsidiary allegedly failed to meet minimum quantity commitments under two service contracts, according to a complaint filed with the Federal Maritime Commission.īed Bath & Beyond’s money problems seem to have infected a one-time subsidiary as Christmas Tree Shops Inc. for breach of contract related to two agreements in which the retailer’s alleged delay in collecting shipping containers resulted in millions of fees incurred by the shipper.īed Bath & Beyond is liquidating operations while also trying to find a buyer. And it was sued by Sparx Logistics USA Ltd. Moreover, now that it is in bankruptcy, if they were entitled to benefits, they might be classified as unsecured creditors.īed Bath & Beyond Files $316 Million Lawsuit Against MSCīed Bath & Beyond is also a defendant in a lawsuit, also temporarily on hold, filed by ex-CEO Mark Tritton, who accused the company of failing to pay some of his $6.8 million severance. At that point in time, the company wasn’t obligated to pay severance. However, it wasn’t clear what would happen to those who were part of the April 9 announcement. It would appear that the bankrupt retailer is adhering to the state regulations for layoffs after April 10. The report cited public records indicating the severance payment. Cryan, who sponsored the expanded law, was an early critic of the retailer’s timing of its layoff notice. Cryan (D-Union) as noting that he hasn’t heard of any non-compliance following the post-WARN (Worker Adjustment and Retraining Notification) effective date. , which first reported the updated severance payout, quoted N.J. ![]() The timing allowed the company to skirt a new requirement effective April 10 that guarantees one week of severance for each year worked at the company.īed Bath & Beyond representatives did not respond to a request for comment by press time. Bed Bath & Beyond said a first round of layoffs would terminate workers on April 9, a day before an expanded state layoff regulation went into effect. The cash-strapped home retailer ignited a firestorm in March when planned layoffs made headlines. Bed Bath & Beyond will pay severance to 1,300 workers after it tried to get out of taking responsibility. ![]()
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