The director of Bed Bath & Beyond jumped from the balcony of his apartment in New York: the tragedy occurred against the backdrop of company losses

This week, a Bed Bath & Beyond executive fell to his death from the 18th floor of a 57-story skyscraper in Manhattan. CNN. Sources in law enforcement agencies said that it was suicide, the man jumped from the balcony of his apartment, his wife was allegedly at home at that time too and saw the jump. The businessman did not leave a suicide note.

Gustavo Arnal, chief financial officer of a home improvement company, has died as his company is suffering record losses due to the Covid-19 pandemic and inflation. The company said it plans to close 150 of its 900 stores. Mass layoffs affected 20% of its staff.

On September 2, police responded to a 911 call and found the body of a 52-year-old man outside a building at 56 Leonard St. They also established that this was Mr. Arnal, who received multiple injuries as a result of a fall.

Officially, the police did not report additional circumstances leading to Arnal's death. The New York medical examiner's office is to determine the cause of death.

Bed Bath & Beyond released a statement on October 4

“I want to express our most sincere condolences to the Gustavo family. Gustavo will be remembered by everyone he worked with for his leadership, talent and caring attitude towards our company. I am proud to be his colleague. And he will be truly missed by all of us at Bed Bath & Beyond and all who knew him,” said Harriet Edelman, Independent Chair of the Board of Directors of Bed Bath & Beyond Inc. “We are focused on supporting his family and his team. Our thoughts are with them at this sad and difficult time. Please join us and respect the family's privacy."

Just two weeks before his death, Arnal sold 42 shares of the company for $000 million.

Investors were told on Wednesday that the company will be ditching its own brands and focusing on selling other brands.

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Like many companies surviving the twin storms of post-pandemic America and high inflation, this has been a tumultuous year for Bed Bath & Beyond. CEO Mark Tritton was fired in June after the company reported extremely poor sales for two consecutive quarters. He was succeeded by Sue Grove, who previously served on the board of directors.

The fact that the company's shares on the open market have become something of a "stock meme" has only exacerbated the chaos of its financial situation.

Prior to joining Bed Bath & Beyond, Arnal was CFO at Avon and spent two decades at Procter & Gamble.