Bed Bath & Beyond shares sink 47% in Frankfurt after filing for bankruptcy protection

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LONDON (Reuters) – Bed Bath & Beyond Inc (NASDAQ:BBBY) Frankfurt-listed shares fell 47% on Monday after the U.S. home goods retailer filed for bankruptcy protection.

Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after it failed to secure funds to stay afloat, and has begun a liquidation sale.