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Not all Big Lots stores are closing
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.
Not all Big Lots stores are closing after all. Deal will save as many as 400 locations
Because of a sale brought about by global asset and real estate consulting firm Gordon Brothers, between 200 and 400 Big Lots stores will remain open.
Big Lots reaches deal with Gordon Brothers to keep up to 400 stores open
The discount chain said on Friday that 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 intellectual properties to other retailers, Big Lots said in a news release.
Big Lots strikes deal to keep hundreds of stores open and save jobs
The discount chain said it agreed to a sale transaction with an investment firm which would allow hundreds of stores to stay open by transferring its property to other retailers and companies.
Bankrupt Big Lots will keep hundreds of stores open under new sale transaction
Bankrupt discount retail chain Big Lots says it will be able to keep hundreds of its stores open after executing a strategic sale transaction with a Boston asset management firm.
Big Lots announces deal to keep stores open
The discount retailer, based in Columbus, Ohio, announced on Dec. 27 that Gordon Brothers Retail Partners LLC has agreed to buy the company. This will allow Big Lots to transfer assets including stores, distribution centers and intellectual property to the Boston-based asset liquidation firm.
Big Lots reaches deal to keep hundreds of stores open, save jobs
The privately-owned Variety Wholesalers plans to acquire 200 to 400 Big Lot stores and operate under the Big Lots brand.
Vestal Big Lots is closing, despite sale to keep hundreds of stores across the U.S. open
Big Lots has recently reached a deal to keep hundreds of its locations open. However, the Vestal location is not one of them.
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.
12d
on MSN
Is Big Lots going out of business? Ohio-based retailer's bankruptcy sale falls through
The Columbus-based retailer is starting going out of business sales as the company's acquisition out of bankruptcy has fallen ...
Hosted on MSN
1d
Big Lots Agrees to Sale Deal, Securing Brand and Jobs Amid Restructuring
Big Lots, Inc. has entered into a strategic sale agreement with Gordon Brothers Retail Partners, LLC, paving the way for the ...
2d
Some Big Lots stores will remain open if bankruptcy court approves deal with new buyer
Big Lots, LLC, which is based in Columbus, Ohio, announced that it has found a buyer to acquire its stores, distribution centers and intellectual property to transfer to other retailers.
12d
on MSN
Columbus-based Big Lots fails to find buyer, plans to shut down remaining stores
Big Lots, the Columbus-based discounter, plans to close all remaining stores and go out of business by early January, ending ...
Manistee News Advocate on MSN
1d
Big Lots plans to sell stores to Variety Wholesalers
Big Lots sale to Variety Wholesalers may impact as many as 400 stores. It's unclear if the sale will impact its remaining ...
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