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Big Lots, Gordon Brothers
Big Lots Reaches Deal With Gordon Brothers to Keep Hundreds of Stores Open
The discount retailer had filed for bankruptcy in September.
Not all Big Lots stores will close: Deal with Gordon Brothers keeps up to 400 open
In a sale brought about by global asset and real estate consulting firm Gordon Brothers, between 200 and 400 Big Lots stores will remain open.
Big Lots Strikes Deal to Save Hundreds of Jobs After Bankruptcy
Discount retailer Big Lots has secured a deal with Gordon Brothers Retail Partners to rescue hundreds of its stores and safeguard thousands of jobs following its Chapter 11 bankruptcy filing in September.
Big Lots announces deal to keep hundreds of its stores open
After previous sale plan falls through, discount retailer strikes new arrangement with Gordon Brothers and Variety Wholesalers.
Big Lots strikes deal with Gordon Brothers 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.
Gordon Brothers And Variety Wholesalers Step In To Save Some Big Lots Stores
Big Lots has been handed a lifeline by Gordon Brothers Retail Partners and Variety Wholesalers to save some 200 to 400 stores along with the jobs of the stores' employees.
Big Lots reaches deal to keep hundreds of US stores open
Big Lots said it’s being sold to Gordon Brothers Retail Partners, a firm that specializes in distressed companies.
Big Lots announces deal to keep stores open
The discount retailer, based in Columbus, Ohio, announced on Dec. 27 that Gordon Brothers Retail Partners LLC has agreed to buy the company. This will allow Big Lots to transfer assets including stores, distribution centers and intellectual property to the Boston-based asset liquidation firm.
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.
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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Gordon Brothers to buy bankrupt Big Lots for up to $495M
The deal for the bankrupt retailer will facilitate the transfer of stores and the Big Lots brand to Variety Wholesalers.
GlobalData on MSN
1d
Big Lots agrees to sale transaction with Gordon Brothers Retail Partners
Retail chain company Big Lots has announced a sale transaction with Gordon Brothers Retail Partners that will see the ...
4d
on MSN
Big Lots agrees to transaction with Gordon Brothers, Variety Wholesalers
Big Lots (OTC:BIGGQ) has agreed to a transaction with Gordon Brothers Retail Partners that will facilitate the transfer of a ...
1d
on MSN
Big Lots just received a last-minute lifeline
The company said the agreement could preserve thousands of jobs at stores and distribution centers and certain corporate ...
fingerlakes1
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Big Lots comes up with plan to avert mass closures: What local stores will survive?
Gordon Brothers will transfer Big Lots’ assets to other retailers, with Variety Wholesalers set to acquire 200–400 stores and ...
1d
on MSN
Big Lots’ New Rescue Deal at Risk Following Creditor Opposition
A new proposal to prevent Big Lots Inc. from shutting all its stores is at risk following complaints from some creditors that ...
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