Big Lots Closes Sale to Gordon Brothers Retail Partners
BIG LOTS CLOSES SALE TO GORDON BROTHERS RETAIL PARTNERS
Big Lots Approved for Last-minute Sale of 200 to 400 Stores
Bankrupt USA retailer Big Lots has been authorized to sell off 200 to 400 of its stores.
The USA-based home retailer Big Lots, which has gone bankrupt, received approval from a bankruptcy judge on Tuesday for a last-minute sale that 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 in September last year and sought to sell its Business to the private equity firm Nexus Capital. However, that Trade fell apart earlier in December, leading Big Lots to prepare for potential closure by stopping sales at approximately 900 remaining stores. The company stated last Friday that it has reached an agreement with...
Express News | Big Lots Approved for Last-Minute Sale of 200-400 Stores -Court
When Fewer Americans Are Buying Homes, These Companies Suffer -- WSJ
