Discount chain Big Lots has reached a deal to be sold to Gordon Brothers Retail Partners, a firm specializing in distressed companies. Gordon Brothers will transfer Big Lots' assets to other retailers, with Variety Wholesalers Inc. acquiring 200-400 stores and operating them under the Big Lots brand. This sale aims to preserve jobs, maximize value, and ensure the continuity of the Big Lots brand.
The discount chain Big Lots has reached a deal that will keep hundreds of its stores openFILE - A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt. 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.
Big Lots Bankruptcy Sale Retail Gordon Brothers
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