No Script Javascript is disabled. Please enable it for better working experience.
Advertisement
Tuesday 28 May, 2024
Advertisement

Gustavo Anral Bed Bath & Beyond Executive fall from 18 Stories to his death in New York City

BY Anas Shah Sep 04, 2022. 02:23 pm

Advertisement

A top Bed Bath & Beyond executive died after jumping to his death from a well-known New York City tower.

Police sources report that on Friday, 52-year-old Gustavo Anral leaped from the 18th floor of the “Jenga Building” at 56 Leonard Street.

Anral joined the struggling home goods firm in 2020 and served as both the executive vice president and chief financial officer.

Formerly based in London, he served as chief financial officer for the well-known cosmetics company Avon.

The executive also worked for Procter & Gamble for 20 years abroad, according to the New York Post.

According to MarketBeat.com, Arnal sold 42,513 shares of Bed Bath & Beyond stock for more than $1 million last month.

According to InsiderTrades.com, he received stock awards totaling the remaining $2.9 million from Bed Bath & Beyond last year, with a salary of $775,000 being the majority of that sum.

The 57-story “Jenga Building” is renowned for its opulence, featuring three terraces, a chef’s kitchen, white oak and stone floors, and 19-foot ceilings.

The 1,252 square foot, expansive skyscraper offers views of the downtown skyline.

Advertisement

The highest structure in Tribeca, it was finished in 2017.

After Bath & Beyond announced intentions to liquidate 150 stores and lay off staff in an effort to turn around the faltering company, he passed away.

Twenty percent of the workforce throughout corporate and its supply chain will be impacted by the change, along with “lower-producing” outlets.

Bed Bath & Beyond recently indicated it hoped this decision would result in savings of around $250 million during an investor call.

It follows a quarter-ago sales decline of roughly 25%.

Some of its failing flagship stores across the US will be impacted by the layoffs and store closings.

Sue Gove, director and interim chief executive officer said: “We are embracing a straight-forward, back-to-basics philosophy that focuses on better serving our customers, driving growth, and delivering business returns.”

Advertisement
More News on

Related Articles

Who is Ava Louise? OnlyFans model who flashed portal
World

Who is Ava Louise? OnlyFans model who flashed portal

The annoying OnlyFans model claims that she lifted her top because she...

Madison Bergmann arrested for ‘making out’ with 5th-grader
US

Madison Bergmann arrested for ‘making out’ with 5th-grader

Less than three months before her wedding, a 24-year-old elementary school teacher...

Sgt. Colin Arslanbas killed in training accident
US

Sgt. Colin Arslanbas killed in training accident

Military authorities have revealed the identify of the Marine from North Carolina...

Who was Courtney Fannon? What was her cause of death
US

Who was Courtney Fannon? What was her cause of death

In her tight-knit New York community, COURTNEY Fannon was regarded as an...

Camryn Herriage college grad in ICU, friend killed after crash
US

Camryn Herriage college grad in ICU, friend killed after crash

This is due to the Saudi Arabian Grand Prix, which is scheduled...

Who are Dominic Miller and Lyndell Mays? Kansas City parade shooting suspects
US

Who are Dominic Miller and Lyndell Mays? Kansas City parade shooting suspects

When gunfire broke out on February 14, 2024, during a SUPER BOWL...

Advertisement

Latest News

Who is Ava Louise? OnlyFans model who flashed portal
World

Who is Ava Louise? OnlyFans model who flashed portal

The annoying OnlyFans model claims that she lifted her top because she...

Madison Bergmann arrested for ‘making out’ with 5th-grader
US

Madison Bergmann arrested for ‘making out’ with 5th-grader

Less than three months before her wedding, a 24-year-old elementary school teacher...

Sgt. Colin Arslanbas killed in training accident
US

Sgt. Colin Arslanbas killed in training accident

Military authorities have revealed the identify of the Marine from North Carolina...

MMA FIGHTER Ali Heibati banned for kicking RING GIRL Maria
Viral

MMA FIGHTER Ali Heibati banned for kicking RING GIRL Maria

Ali Heibati, an MMA fighter, received a lifelong ban for his shameful...

Advertisement