By ANNE D’INNOCENZIO, Associated Press NEW YORK (AP) — Discount chain Big Lots is conducting going–out-of-business sales at its remaining locations after a sale of the company didn’t materialize. The Columbus, Ohio-based retailer, which sells furniture, home decor and other items, filed for Chapter 11 bankruptcy protection in early September and said private equity firm Nexus Capital Management LP had agreed to acquire “substantially all of the company’s assets.” But on Thursday the chain said it didn’t anticipate completing the purchase agreement.

BING NEWS:
  • Big Lots will soon start ‘going out of business’ sales at its remaining locations
    Big Lots is preparing to close its remaining 963 locations after a sale to save the bankrupt retailer fell through.
    12/20/2024 - 7:36 am | View Link
  • Big Lots conducts going-out-of-business sales after sale of company falls through
    Discount chain Big Lots is conducting going--out-of-business sales at its remaining locations after a sale of the company didn't materialize. The Columbus, Ohio-based retailer, which sells furniture, ...
    12/20/2024 - 7:05 am | View Link
  • Big Lots to start going-out-of-business sales
    The move comes as the company lays off over 500 employees at its corporate headquarters. Big Lots will start going out of business sales at all of its stores after a failed deal to sell itself to ...
    12/20/2024 - 6:01 am | View Link
  • Big Lots says it will hold going-out-of-business sales at its remaining stores as it tries to find a buyer
    Big Lots doesn't expect to close a deal to sell itself to Nexus Capital Management, but it's not officially going out of business.
    12/20/2024 - 4:34 am | View Link
  • Big Lots Announces ‘Going Out Of Business Sale’ As Nexus Acquisition Falls Through
    Big Lots is putting everything in its 900 stores on sale with plans to close the business in early 2025 unless a buyer is found to save some or all of the company.
    12/20/2024 - 3:51 am | View Link
  • More

 

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