By DEE-ANN DURBIN The discount chain Big Lots, which filed for bankruptcy protection in September, has reached a deal that will keep hundreds of its stores and distribution centers open. Big Lots said Friday it will be sold to Gordon Brothers Retail Partners, a firm that specializes in distressed companies. Gordon Brothers will then transfer Big Lots’ stores, distribution centers and other assets to other retailers. Variety Wholesalers Inc., which owns more than 400 discount stores in the U.S.
Big Lots Reaches Deal To Keep Hundreds Of Us Stores Open
The Associated Press, Denver Post
Sat, 12/28/2024 - 11:03am
Topics: dee-ann durbin gordon brothers retail partners variety wholesalers inc u.s southeast mid-atlantic this big lots president ceo bruce thorn columbus ohio-based big lots nexus capital management dec big lots september gordon brothers big lots variety wholesalers u.s nexus deal hundreds stores open centers distribution bankruptcy transfer discount filed chain firm assets brand acquire home
BING NEWS:
- Big Lots strikes deal with Variety Wholesalers that could save brand, hundreds of stores
Less than 10 days after Big Lots announced a purchase agreement had fallen through, the discount retailer has agreed to a new deal.
01/2/2025 - 6:14 am | View Link - Big Lots reaches deal to keep hundreds of US stores open, but Meridian location unclear
Big Lots, which filed for bankruptcy protection in September, has reached a deal that will keep hundreds of its stores and distribution centers ...
01/1/2025 - 11:00 pm | View Link - Big Lots reaches deal to keep hundreds of its stores open amid bankruptcy
Friday's transaction with the Boston-based asset liquidation firm would result in the transfer of 200 to 400 Big Lots stores to Variety Wholesalers, Inc.
12/31/2024 - 3:16 am | View Link - Big Lots reaches deal to keep hundreds of stores open. Here's what we know.
Big Lots reaches deal to keep hundreds of stores open under a chain that runs familiar discount stores in your community. Here's what we know.
12/30/2024 - 9:08 pm | View Link - Big Lots reaches deal to keep hundreds of US stores open
Big Lots said it’s being sold to Gordon Brothers Retail Partners, a firm that specializes in distressed companies.
12/30/2024 - 1:48 pm | View Link - More
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