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The company is also in talks with other suitors about possible deals, the report added.
Bed Bath & Beyond said it does not “comment on speculation of this nature” and reiterated a previous statement that it was exploring multiple paths. Sycamore Partners declined to comment.
Shares of Bed Bath & Beyond were down about 4% at $5.02 in morning trading amid weakness in the broader market. The stock rallied for four consecutive sessions this week and closed 50% higher on Thursday.
The troubled home goods retailer posted a bigger-than-expected quarterly loss and a plunge in sales on Tuesday, after saying last week it was exploring options, including bankruptcy, as it struggled with a dwindling cash pile.
The Union, New Jersey-based company had earlier considered selling its buybuy Baby stores after shareholder pressure, but held off on hopes it could fetch a higher price later, Reuters reported.
The company’s buybuy Baby chain, which sells products for infants and toddlers, helped Bed Bath & Beyond obtain a loan worth $375 million last year.
New York-based Sycamore invests in consumer goods firms and retailers. It hit the headlines last year with its takeover bid for department store chain Kohl’s Corp (NYSE:KSS).
