Bed Bath & Beyond exec Gustavo Arnal ID’d as NYC ‘Jenga Building’ jumper: source
The chief monetary officer of troubled Mattress Tub & Past has been recognized as the person who jumped to his dying from the enduring new Tribeca skyscraper often called the “Jenga Constructing,” The Publish has realized.
Gustavo Arnal, 52, who was additionally an govt vice chairman for the struggling house items retailer, plunged from the 18th ground of 56 Leonard Avenue on Friday, police sources mentioned.
The 60-story constructing is finest identified for its purposely misaligned flats stacked atop one another, resembling the favored sport “Jenga.”
Messages left with Mattress Tub & Mattress and Arnal’s household Saturday weren’t instantly returned.
On Aug. 16, Arnal bought 42,513 shares in firm inventory for just a little over a $1 million, in keeping with MarketBeat.com.
Arnal joined Mattress Tub & Past in 2020. He beforehand labored as chief monetary officer for cosmetics big Avon primarily based out of London and had a 20-year profession working abroad main Procter & Gamble.
In 2021, he made greater than $2.9 million through Mattress Tub & Past, together with $775,000 in wage and the remaining in inventory awards, in keeping with InsiderTrades.com.
Mattress Tub & Past has not too long ago been going through turbulence.
Shares within the Union, New Jersey-based enterprise misplaced almost 1 / 4 of their worth Wednesday, after the corporate introduced a restructuring that features retailer closures, layoffs and a potential inventory providing.
The corporate mentioned it has obtained greater than $500 million in new financing and was lowering 20% of its workforce. It plans to shut about 150 namesake shops however will maintain its buybuy BABY chain.
In mid-August, shareholder activist Ryan Cohen, the billionaire co-founder of on-line pet-products retailer Chewy Inc., bought his shares in Mattress Tub & Past after taking over a ten% stake simply months earlier than and pledging to make large modifications.
The “Jenga Constructing” options 19-foot ceilings, double-height home windows, white oak and stone flooring, a gasoline fire, a chef’s kitchen and three terraces totaling 1,252 sq. toes with panoramic water and metropolis skyline views.
It’s also a celebrity-packed house to the mega-wealthy, together with singer Frank Ocean.
Extra reporting by Larry Celona and Steven Vago
