Bed Bath & Beyond lives on!(line). Overstock.com buys rights to bankrupt retailer and changes name ...Middle East

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Bed Bath & Beyond lives on!(line). Overstock.com buys rights to bankrupt retailer and changes name
source : Sentinel-Tribune ( Middle East ) () 37
NEW YORK (AP) — Bed & Bath & Beyond will live on, online at least, after Overstock.com acquired the bankrupt retail chain’s intellectual property assets for $21.5 million. The online retailer Overstock.com is dumping its name online and will become Bed & Bath & Beyond, which declared bankruptcy earlier this year. Overstock.com’s CEO Jonathan Johnson told The Associated Press in a phone interview on Thursday that the company is considering changing its corporate name but won’t make any decisions until after it digests the assets. The switcheroo to a very recognizable brand was cheered on Wall Street. Shares of Overstock.com Inc., based in Midvale, Utah, soared nearly 20% during afternoon trad

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