This post was originally published on this site
Cohen, who also serves as chairman of videogame retailer GameStop Corp (NYSE:GME), owns 9.8% of Bed Bath & Beyond through his investment firm, RC Ventures LLC, WSJ reported, citing a copy of a letter sent to the housewares retailer’s board.
Cohen in his letter urged the company to explore a separation of the Buybuy Baby chain or a sale of the entire company, the report added.
Cohen, in the reported letter, also said Bed Bath & Beyond’s strategy is failing to stem sustained market share losses and the entire company could be better off in the hands of a private-equity firm.
Bed Bath & Beyond and RC Ventures LLC could not immediately respond to Reuters’ requests for comment.
