根据协议，Variety Wholesalers将收购200至400家Big Lot门店和两个配送中心，并将保留这些门店的员工。The USA-based bankrupt home retailer Big Lots received approval from a bankruptcy judge on Tuesday for a last-minute sale, which will allow its 200 to 400 stores to continue operating under new ownership while retaining the Big Lots brand name.
Big Lots filed for bankruptcy protection last September and sought to sell its Business to private equity firm Nexus Capital. However, the Trade fell apart in early December, leading Big Lots to stop sales in approximately 900 remaining stores in preparation for possible closure.
The company announced last Friday that it has reached an agreement with Gordon Brothers Retail Partners to sell its stores, distribution centers, and intellectual property to retailers including Variety Wholesalers, in order to maintain its brand and preserve some stores and jobs.
According to the agreement, Variety Wholesalers will acquire 200 to 400 Big Lots stores and two distribution centers, retaining the employees at these stores.