- A person who died after falling from a constructing in Manhattan was recognized by police as Gustavo Arnal.
- The Mattress Tub & Past CFO fell from the 18th ground on Friday, the NYPD confirmed to Insider.
- The retailer lately introduced plans to shut 150 shops and minimize a fifth of its workforce.
A person who died after falling from the 18th ground of an condominium constructing has been recognized the chief monetary officer of Mattress Tub & Past, the New York Put up reported.
Gustavo Arnal, 52, fell from the tower on Leonard Avenue in Manhattan on Friday, the New York Police Division confirmed to Insider.
He joined Mattress Tub & Past in 2020 after serving as Avon’s finance chief for greater than a 12 months. Arnal had held a senior positions at Walgreens Boots Alliance and Procter & Gamble earlier than becoming a member of the cosmetics firm.
Final month he bought about 42,000 shares within the retailer for about $1 million, in line with MarketBeat.com
The dying comes days after Mattress Tub & Past introduced plans to shut about 150 shops and minimize its workforce by a fifth in a bid to revive its fortunes.
The corporate informed traders on a name on Wednesday that it could shift away from own-brands and begin providing extra labels and that it had secured loans from JPMorgan and Sixth Avenue Companions.
The retailer’s shares have develop into a “meme inventory” like GameStop and fluctuated significantly in latest months. The chief government, Mark Tritton, was ousted in June and changed by board member Sue Gove.
Mattress Tub & Past and Arnal’s members of the family didn’t instantly reply to Insider’s request for remark.
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