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Thursday, October 6, 2022

Bed, Bath & Beyond exec jumps from Manh. apartment building

NEW YORK (1010 WINS) — The chief financial officer and executive vice president at Bed, Bath & Beyond fell to his death from the 18th story of a Tribeca apartment building on Friday.

Gustavo Arnal, 52, fell from the distinctive “Jenga building” on Leonard Street near Church Street around 12:30 p.m. on Sept. 2.

The so-called “Jenga building” at 56 Leonard Street got its nickname from the popular party game due to its unconventional design.

Photo credit Google Street View

Arnal joined the struggling company in 2020 after a career at the London-based cosmetics firm Avon and the home goods mega-corporation Procter & Gamble.

Arnal had sold over 42,000 shares of the over 310,000 shares he held in the company on Aug. 16, according to MarketBeat.com.

At the time, the stock price for the retail home goods store was down 19.6% and more than 80% year over year. Its quarterly revenue had declined by over 25% since the same quarter the previous year — a precipitous decline that resulted in the company ditching its CEO.

Arnal fell to his death just two days after the company announced plans to lay off 20% of its staff and shutter 150 stores — over 15% of all its storefronts.


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