Half Of Big Lots Stores Could Be Saved In Variety Wholesalers Deal
Up to a half of Big Lots stores look set to be saved after it agreed to a transaction with Gordon Brothers Retail Partner that enables the transfer of Big Lots assets.
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 has agreed to a new deal.
Big Lots Finds Buyer To Save Brand, Hundreds Of Stores
Big Lots reached an agreement to sell its assets, including its intellectual property, to real estate consulting firm Gordon Brothers Retail Partners just before the end of 2024. The transaction would also include the sale of between 200 and 400 stores to Variety Wholesalers, Big Lots announced Dec. 27.
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.
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
Big Lots has secured a deal with Gordon Brothers Retail Partners to rescue hundreds of its stores and safeguard thousands of jobs.
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.
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 majority of Big Lots' assets to Variety Wholesalers and other parties. Variety Wholesalers,
Big Lots secures deal to save hundreds of stores. What we know now
Gordon Brothers Sells Laura Ashley
Boston, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Gordon Brothers, the global asset experts, has sold the Laura Ashley® brand, archives and related intellectual property to Marquee Brands, the global brand ...
fingerlakes16h
Future of Auburn and Williamson Big Lots stores uncertain
The fate of Big Lots stores in Auburn and Williamson hangs in the balance following the retailer’s recent agreement with Gordon Brothers Retail Partners to keep select locations open and preserve jobs ...
Hosted on MSN1d
Big Lots is acquired out of bankruptcy court
After filing for bankruptcy and nearing liquidation, Big Lots has entered into a last-minute deal to be acquired by ...
Big Lots wins approval of rescue deal after creditor backlash
Bankrupt retailer Big Lots Inc. won court approval of a rescue deal to save some of its stores from shutting down despite ...
Major retailer reverses course, says it will keep hundreds of stores open
The discount chain Big Lots, which filed for bankruptcy protection in September, has reached a deal that will keep hundreds ...
Hosted on MSN6h
US Marquee Brands boosts portfolio with British brand Laura Ashley
The brand distributes its products in more than 80 countries through wholesalers, digital marketplaces and a network of 150 ...
Big Lots just received a last-minute lifeline
Big Lots says it reached a deal with Gordon Brothers Retail Partners that would preserve between 200 and 400 stores across ...