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.
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.
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.
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 strikes deal 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.
Big Lots strikes deal to save stores, stop brand from closing
Bankrupt Big Lots Inc. has struck a deal to save hundreds of stores after an earlier sale of the business fell apart, saving the Columbus-based chain from closing down entirely.
Big Lots saves 200-400 stores in deal with Roses, Maxway parent company
Bankrupt retailer Big Lots said Friday it struck an 11th-hour deal to save hundreds of its stores via a sale to Gordon Brothers and Variety Wholesalers. Why it matters: The Columbus, Ohio-based company had about 27,
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.
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 agreed to a new deal.
Big Lots reaches deal to keep hundreds of US stores open
The discount chain Big Lots, which filed for bankruptcy protection in September, has reached a deal that will keep hundreds of its stores and distribution centers open. Big Lots said Friday it will be sold to Gordon Brothers Retail Partners,
Big Lots is saved: Discount chain strikes a deal with firm to keep up to 400 stores open
Big Lots announced plans on Friday, Dec. 20 to close all stores and hold going out of business sales before reaching this deal with Variety Wholesalers
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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 ...
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.
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 ...