Big Lots has reached a deal to be sold to Gordon Brothers Retail Partners, ensuring the continuation of many of its stores and distribution centers. Variety Wholesalers Inc. will acquire a significant portion of Big Lots' stores and operate them under the Big Lots brand.
in September, has reached a deal that will keep hundreds of its stores and distribution centers open.
Variety Wholesalers Inc., which owns more than 400 discount stores in the U.S. Southeast and Mid-Atlantic regions, plans to acquire between 200 and 400 Big Lots stores and operate them under the Big Lots brand. Variety Wholesalers will also acquire up to two distribution centers.
Retail Bankruptcy Acquisition Gordon Brothers Variety Wholesalers
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Big Lots Agrees to Sale, Preserving Hundreds of StoresBig Lots, the discount retailer that filed for bankruptcy protection in September, has reached a deal to be sold to Gordon Brothers Retail Partners. This agreement will keep hundreds of Big Lots stores and distribution centers operational.
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Big Lots Agrees to Sale, Hundreds of Stores to Remain OpenBig Lots, facing bankruptcy, has reached a deal with Gordon Brothers Retail Partners to sell its assets. Variety Wholesalers will acquire 200-400 stores and continue operating them under the Big Lots brand.
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Big Lots Agrees to Sale, Hundreds of Stores to Remain OpenBig Lots, facing bankruptcy, has reached a deal to sell its assets to Gordon Brothers Retail Partners. Variety Wholesalers plans to acquire between 200 and 400 stores and operate them under the Big Lots brand.
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Big Lots to be Sold to Gordon Brothers, Hundreds of Stores to Remain OpenBig Lots, a furniture and home decor retailer, has reached a deal to be sold to Gordon Brothers Retail Partners. The sale will see Big Lots' stores, distribution centers, and other assets transferred to various retailers. Variety Wholesalers Inc. plans to acquire 200-400 Big Lots stores and operate them under the Big Lots brand. This agreement aims to preserve jobs, maximize value for the estate, and ensure the continuity of the Big Lots brand.
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Big Lots Prepares for 'Going Out of Business' Sales After Sale Deal Falls ThroughBig Lots announced Thursday that its anticipated sale to Nexus Capital Management has fallen through. As a result, the retailer is preparing to host 'going out of business' sales at all remaining stores. However, Big Lots remains hopeful and is continuing to work towards completing an alternative transaction with Nexus or another party.
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Big Lots Prepares for 'Going Out of Business' Sales After Sale Falls ThroughBig Lots, facing the collapse of its sale to Nexus Capital Management, is preparing to shut down all its remaining stores. The company will initiate 'going out of business' sales.
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