Modell, 70, said he was at President-elect Donald Trump’s Mar-a-Lago resort on Dec. 19 when he got the idea to buy the legacy ...

The leases of nearly 700 Party City stores are poised to go under the hammer amid the party supplies retailer’s ongoing bankruptcy.

Two huge department stores may have been saved from closure thanks to a savvy business deal with retail mogul Mitch Modell.

Former Modell's Sporting Goods CEO Mitch Modell joins 'FOX Business Live' to discuss his plan to acquire Party City and Big Lots.

The Modell’s founder told The Real Deal he plans to submit a term sheet to buy the distressed retailer Party City by the end of the week. Modell said he also will submit one by Friday to buy Big ...

Big Lots reached an agreement to sell its assets, including its intellectual property, to real estate consulting firm Gordon ...

Vera Bradley faces shareholder pressure for underperformance, while acquisitions and restructurings define this week's deal ...

The deal for the bankrupt retailer will facilitate the transfer of stores and the Big Lots brand to Variety Wholesalers.

But they could also now become sister companies if retail mogul Mitch Modell has his way. The founder of the Modell's sporting goods chain has bold plans to rescue the two struggling brands.