RC Ventures to acquire a 9.8% stake in Bed Bath & Beyond.

RC Ventures, a venture capital fund, agreed to acquire a 9.8% stake in Bed Bath & Beyond, a home furnishings retailer. Financial terms were not disclosed. "We are pleased to have reached this constructive agreement with RC Ventures, which we believe to be in the best interest of all our shareholders. Over the past two years, our Board has transformed the company's governance, management team, compensation policies, and oversight of strategy and operations. Under this Board's leadership, the company has implemented consequential changes to our business, including the divestiture of multiple non-core assets and a significant increase in investments in structurally critical enablers of our business," Harriet Edelman, RC Ventures Chair of the Board.