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Gordon Brothers, Variety Wholesalers Deal Could Keep Up to 400 Big Lots Stores Going

Gordon Brothers, Variety Wholesalers Deal Could Keep Up to 400 Big Lots Stores Going

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...
Container Store To Reorganize Under Chapter 11, Nixing Beyond Deal

Container Store To Reorganize Under Chapter 11, Nixing Beyond Deal

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...
Gordon Brothers, Variety Wholesalers Deal Could Keep Up to 400 Big Lots Stores Going

Big Lots Attempts To Salvage Purchase As Going-Out-of-Business Sales Start

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...
Bankruptcy Court Approves Big Lots Sale to Nexus

Bankruptcy Court Approves Big Lots Sale to Nexus

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...
True Value Files Chapter 11; Do It Best Named Stalking Horse Bidder

True Value Files Chapter 11; Do It Best Named Stalking Horse Bidder

by Mike Duff | Oct 14, 2024 | Featured News, Retail Articles

Hardware wholesaler True Value Co. has struck a buyout deal with co-operative Do It Best Corp. with True Value filing for Chapter 11 bankruptcy protection to facilitate a process that would combine 4,500 True Value-affiliated stores with the Do It Best’s 4,300...
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