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WSJ News Exclusive | Chewy Co-Founder Ryan Cohen Takes Large Stake in Bed Bath & Beyond, Pushes for Changes
Going to buy 100 shares of this at the market’s opening today. Could be a repeat of what we saw with GME last year.
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@pawdalaw
@Swaggatron
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@NinoBrown
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Only invest what you can afford to lose.
Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc., has a big stake inBed Bath & Beyond Inc. and is pushing the housewares retailer to streamline its strategy and explore strategic alternatives.
Mr. Cohen, who also serves as chairman of videogame retailer GameStop Corp. , owns a 9.8% stake in Bed Bath & Beyond through his investment firm, RC Ventures LLC, according to a copy of a letter sent to its board Sunday that was viewed by The Wall Street Journal. That makes him a top-five shareholder in the New Jersey-based chain, which has a market value of roughly $1.6 billion.
Going to buy 100 shares of this at the market’s opening today. Could be a repeat of what we saw with GME last year.
@T.H.E.GOD
@pawdalaw
@Swaggatron
@Software
@NinoBrown
@TripleAgent
@BushidoBrown
@FaTaL
@Charly Wingate
@humminbird
@Astroslik
@Akae Beka
Only invest what you can afford to lose.