Big Lots Closes Deal to Keep Hundreds of Stores Open—What You Need to Know
The fate of beloved discount retailer Big Lots has been up in the air for some time now. The chain first started closing locations in late 2022, then filed for Chapter 11 Bankruptcy in Sept. 2024. Things were looking up when a deal with Nexus Capital was on the table,
Half Of Big Lots Stores Could Be Saved In Variety Wholesalers Deal
Up to a half of Big Lots stores look set to be saved after it agreed to a transaction with Gordon Brothers Retail Partner that enables the transfer of Big Lots assets.
Not all Big Lots stores will close: Deal with Gordon Brothers keeps up to 400 open
In 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 Finds Buyer To Save Brand, Hundreds Of Stores
Big Lots reached an agreement to sell its assets, including its intellectual property, to real estate consulting firm Gordon Brothers Retail Partners just before the end of 2024. The transaction would also include the sale of between 200 and 400 stores to Variety Wholesalers, Big Lots announced Dec. 27.
Big Lots Reaches Deal With Gordon Brothers to Keep Hundreds of Stores Open
Big Lots, which filed for bankruptcy in September, said that it reached an agreement with Gordon Brothers Retail Partners that would keep hundreds of stores open and save thousands of jobs. The Columbus,
Big Lots secures deal to save hundreds of stores. What we know now
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.
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Big Lots closes strategic deal with Gordon Brothers
US-based discount retailer Big Lots has concluded its sale agreement with Gordon Brothers Retail Partners, securing the brand ...
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Big Lots Closes Sale to Gordon Brothers Retail Partners
Closeout retailer completes deal that will save up to 400 of its approximately 950 stores from going out of business ...
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Major retailer reports nearly 500 layoffs for Alabama
Big Lots Distribution Center reported plans to lay off 491 employees starting Jan. 6, according to the Alabama Department of ...
Gordon Brothers to buy bankrupt Big Lots for up to $495M
The deal for the bankrupt retailer will facilitate the transfer of stores and the Big Lots brand to Variety Wholesalers.
Gordon Brothers Sells Laura Ashley
Boston, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Gordon Brothers, the global asset experts, has sold the Laura Ashley® brand, archives and related intellectual property to Marquee Brands, the global brand ...
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Future of Auburn and Williamson Big Lots stores uncertain
The fate of Big Lots stores in Auburn and Williamson hangs in the balance following the retailer’s recent agreement with ...
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Big Lots is acquired out of bankruptcy court
After filing for bankruptcy and nearing liquidation, Big Lots has entered into a last-minute deal to be acquired by ...