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Wife of Bed Bath & Beyond exec Gustavo Arnal was in NYC apartment when he jumped

Executive at Bed Bath & Beyond Gustavo Arnal didn't say anything to his wife before presumably jumping to his death from their opulent 18th-floor Lower Manhattan apartment, according to The New York Post.

Arnal, 52, also did not leave a note explaining the fall, which occurred at 12:20 a.m. Friday while his wife was in the house with him, according to law enforcement officials.

Arnal's widow and two grown daughters were seen leaving the Tribeca high-rise at 56 Leonard St. at 10:35 a.m. Sunday to make funeral arrangements.

As two guys clad in black walked the weeping women to a waiting black van, a doorman approached them and said, "I'm so very, very sorry."

The women remained silent, and one of the males extended his hand, saying, "No. Back!"

According to a person acquainted with the property, Arnal and his wife rented a gorgeous three-bedroom in the skyscraper, nicknamed the "Jenga building" due to its unusual shape, for roughly $18,500 per month.

Arnal died while facing a $1.2 billion "pump-and-dump" stock fraud suit filed against him roughly two weeks prior.

A Bed Bath & Beyond exec didn’t say a word to his wife before apparently leaping to his death from their apartment.
A Bed Bath & Beyond exec didn’t say a word to his wife before apparently leaping to his death from their apartment.
Facebook/Gustavo Arnal

A two-week-old listing on apartments.com has a prominent notation that states "Check Back Soon for Upcoming Availability."

Arnal was hired CFO of the ailing Bed Bath & Beyond business, located in Union, New Jersey, in 2020, after spending nearly three years in London, where he held similar posts at cosmetics giant Avon and retail pharmaceutical Walgreens Boots Alliance.

The jumper was identified as Gustavo Arnal, the CFO of Bed Bath and Beyond. DOA, fatal jumper from residential building located at 56 Leonard St.
The jumper was identified as Gustavo Arnal, the CFO of Bed Bath & Beyond.
Robert Miller

According to his LinkedIn page, he formerly worked in finance for Cincinnati-based Procter & Gamble for 20 years, including positions in Switzerland and Brazil.

According to Reuters, Arnal sold 55,013 shares of Bed Bath & Beyond on August 16.

The move came just days after Bed Bath & Beyond said that it would liquidate 150 shops and lay off approximately 20% of its 32,000 employees as part of a restructuring effort to revive its money-losing business.

The company's stock price fell by nearly 25% after the announcement.
The company’s stock price fell by nearly 25% after the announcement.
Robert Miller

The stock closed at $20.65 a share on the day Arnal sold it, making the transaction worth more than $1 million. According to an earlier MarketBeat.com article, Arnal sold 42,513 shares.

Following the announcement, the company's stock price dropped by approximately 25%.

Bed, Bath & Beyond issued a statement on Arnal's death on Sunday.

Gustavo Arnal, the CFO of Bed Bath and Beyond. Arnal jumped to his death the 'Jenga' apartment building in TriBeCa.
Gustavo Arnal, the CFO of Bed Bath & Beyond. Arnal jumped to his death from the “Jenga” apartment building in Tribeca.

"The whole Bed Bath & Beyond Inc. organization is deeply devastated by this tragic loss," the company said in a statement.

"I wish to convey our heartfelt condolences to Gustavo's family," said Harriet Edelman, chairperson of the company's board of directors, in a statement.

"Gustavo will be remembered for his leadership, talent, and care of our Company by all who worked with him." I am happy to have worked with him, and he will be much missed by all of us at Bed Bath & Beyond as well as everyone who had the pleasure of knowing him.

"Our emphasis is on supporting his family and team, and our hearts go out to them during this sad and difficult time," Edelman added. "Please join us in respecting the privacy of the family."

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