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Report: Bed Bath & Beyond hires Goldman Sachs to explore asset sales

Bed Bath & Beyond Inc. has reportedly engaged the services of Goldman Sachs Group Inc. to assess potential offers for a number of its core businesses, CBS News reported Aug. 29.

According to the report, the home furnishing retailer is expected to sell, among other assets, its Cost Plus World Market division, which it acquired in 2012 for $495 million. A former Bed Bath & Beyond executive, in partnership with a private equity firm, has reportedly offered to buy the unit for $250 million.

Bed Bath & Beyond has also received offers for its PersonalizationMall business for between $250 million and $300 million, the news wire said.

The company declined to comment on the matter, the report added.

Bed Bath & Beyond has been under pressure from investors to sell or spin off its underperforming businesses.