by Mike Duff | Jan 15, 2025 | Retail Articles
Craft retailer Joann has filed for Chapter 11 bankruptcy protection for the second time in a year. Gordon Brothers Retail Partners is set as the stalking horse bidder in the Joann bankruptcy proceedings. Joann has commenced proceedings in the U.S. Bankruptcy Court for...
by Mike Duff | Jan 2, 2025 | Retail Articles
After entering Chapter 11 bankruptcy protection and warning of possible liquidation, Big Lots announced it entered an agreement with Gordon Brothers Retail Partners that enables the transfer of Big Lots assets, including stores, distribution centers and intellectual...
by Mike Duff | Dec 23, 2024 | Featured News, Retail Articles
The Container Store filed for Chapter 11 bankruptcy protection with a lender-backed plan for emerging as a private company, signaling the end of a proposed investment in The Container Store by Beyond, Inc. A source close to the matter told HomePage News The Container...
by Mike Duff | Dec 20, 2024 | Featured News, Retail Articles
Although it is exploring an alternative deal that might keep at least some of its stores in operation, Big Lots announced that it does not anticipate completing an asset purchase agreement with Nexus Capital Management and will commence going-out-of-business sales. If...
by Mike Duff | Nov 25, 2024 | Retail Articles
As it looks to complete Chapter 11 bankruptcy proceedings, Big Lots announced it received court approval for the sale of substantially all of the company’s assets and ongoing business operations to a Nexus Capital Management affiliate. Big Lots reported it...
