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Discount chain Big Lots has reached an agreement that allows hundreds of stores to remain open and preserve jobs.
On Friday, the USA discount retail chain Big Lots, which filed for bankruptcy in September 2024, announced that it has agreed to a sale Trade with an investment firm, allowing hundreds of stores to continue operating and transferring its assets to Other Retailers and companies. The Ohio-based company recently announced that it was preparing to close its remaining 963 stores following the failed acquisition by private equity firm Nexus Capital Management. Big Lots' new Trade is with Gordon Brothers Retail.
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