Local police and the home goods giant confirmed Sunday that the CFO of Bed Bath & Beyond fell to his death from a New York City skyscraper.
People walk out of a Bed Bath & Beyond store in California.
The cause of Arnal's death is still being investigated, but it is believed to be a suicide.
He was pronounced dead at the scene by emergency medical services at the base of 56 Leonard St., the address of the "Jenga" building.
The company said it was profoundly sad by the loss.
After serving as an executive at P&G for over two decades, Arnal joined the company in 2020.
Bed Bath & Beyond's shares plummeted 22% on Wednesday after the company said it would close about 150 stores and lay off 20% of corporate and supply chain staff. Bed Bath & Beyond had been a favorite of meme-stock traders despite years of struggles, but last month its stock price began to drop as activist investor Ryan Cohen sold off his stake in the company. Mark Tritton was fired as CEO in June after disappointing earnings. Dozens of businesses in the US have announced cost-cutting measures as fears of a recession grow.
If you or someone you know is thinking about suicide, you can call the National Suicide Prevention Hotline or send a text.
Bed Bath & Beyond is planning layoffs and store closings.
The investor in Bed Bath & Beyond sold his entire stake.
Bed Bath & Beyond jumped 29% as stock traders snapped up shares despite analyst warnings.
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