Bed Bath & Beyond exec Gustavo Arnal ID’d as NYC ‘Jenga Building’ jumper: source
September 4, 2022
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 an executive vice president for the struggling household goods retailer, collapsed from 18e floor of 56 Leonard Street on Friday, police sources said.
The 60-story building is best known for its deliberately misaligned apartments stacked on top of each other that resemble the popular game ‘Jenga’.
Messages left with Bed Bath & Bed and Arnal’s family on Saturday did not return immediately.
On Aug. 16, Arnal sold 42,513 shares of company stock for just over $1 million, according to MarketBeat.com.
Arnal joined Bed Bath & Beyond in 2020. He previously worked as Chief Financial Officer for London-based cosmetics giant Avon and had a 20-year career leading Procter & Gamble abroad.
In 2021, he made more than $2.9 million through Bed Bath & Beyond, including $775,000 in salary and the rest in stock prices, according to InsiderTrades.com.
Bed Bath & Beyond has been dealing with turbulence recently.
Shares in the Union, New Jersey-based companies lost nearly a quarter of their value Wednesday after the company announced a restructuring that includes store closures, layoffs and a possible stock offering.
The company said it has secured more than $500 million in new financing and would reduce 20% of its workforce. It plans to close about 150 stores of the same name, but will keep its buybuy BABY chain.
In mid-August, shareholder activist Ryan Cohen, the billionaire co-founder of online pet retailer Chewy Inc., sold his shares in Bed Bath & Beyond after taking a 10% stake several months earlier and promising to make major changes.
The “Jenga Building” features 19-foot ceilings, double-height windows, white oak and stone floors, a gas fireplace, chef’s kitchen, and three terraces totaling 1,252 square feet with panoramic views of the water and the skyline of the city. city.
It’s also a celebrity home for the mega-rich, including singer Frank Ocean.
Additional reporting by Larry Celona and Steven Vago