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Business

Bed Bath & Beyond CEO Gustavo Arnal IDs as NYC ‘Jenga Building’ jumper: source




The chief financial officer of troubled Bed Bath & Beyond has been identified as the man who jumped to his death from the iconic new Tribeca skyscraper known as the “Jenga Building,” The Post has learned.

Gustavo Arnal, 52, who was also executive vice president of the struggling home improvement store, plunged from 18.th floor at 56 Leonard Street on Friday, police sources said.

The 60-story building is best known for its intentionally misaligned apartments stacked on top of each other, resembling the popular game of “Jenga.”

Messages left with Bed Bath & Bed and Arnal̵[ads1]7;s family Saturday were not immediately returned.

On Aug. 16, Arnal sold 42,513 shares of the company’s stock for just over $1 million, according to MarketBeat.com.

Bed Bath & Beyond CEO Gustavo Arnal IDs as NYC ‘Jenga Building’ jumper: source
Arnal joined the company in 2020. The company has struggled financially recently.
Robert Miller

Arnal joined Bed Bath & Beyond in 2020. He previously worked as CFO of cosmetics giant Avon, based in London, and had a 20-year career as a senior international executive at Procter & Gamble.

In 2021, he earned more than $2.9 million through Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com.

Bed Bath & Beyond has recently faced turbulence.

Shares of the Union, New Jersey-based business lost nearly a quarter of their value Wednesday, after the company announced a restructuring that includes store closings, layoffs and a possible stock offering.

The company said it has received more than $500 million in new financing and cut 20% of its workforce. It plans to close around 150 namesakes, but will keep its buybuy BABY chain.

Jenga building.
56 Leonard Street is a luxury building, home to many celebrities.

In mid-August, shareholder activist Ryan Cohen, the billionaire co-founder of online pet products retailer Chewy Inc., sold his shares in Bed Bath & Beyond after taking a 10% stake just months before and vowing to make big changes.

The “Jenga Building” features 19-foot ceilings, double-height windows, white oak and stone floors, a gas fireplace, a chef’s kitchen and three terraces totaling 1,252 square feet with panoramic views of the water and city skyline.

It’s also a celebrity-filled home to the mega-rich, including singer Frank Ocean.

Additional reporting by Larry Celona and Steven Vago



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