A former Big Lots store in Poway, Calif. Bankrupt retailer Big Lots Inc. won court approval of a rescue deal to save some of its stores from shutting down despite challenges from vendors that claimed the deal unfairly saddles them with steep losses. Judge J. Kate Stickles said late Tuesday she’d approve a sale of the retailer to Gordon Brothers …
Big Lots has reached a deal to keep hundreds of its stores open amid its bankruptcy process. FILE - A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt. Big Lots reaches deal to save hundreds of stores amid bankruptcy Friday's transaction with the Boston-based asset liquidation firm would result in the transfer of 200 to …
The discount chain Big Lots, which filed for bankruptcy protection in September, has reached a deal that will keep hundreds of its stores and distribution centers open. Big Lots said Friday 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 other assets …
Beleaguered Dutch retailer Blokker has reached an agreement with a American firm on a critical financing plan that has secured the future of the chain for at least the next few years. The new three-year loan from Gordon Brothers will allow Blokker to finance its plans in the coming years, and means parent company Mirage Retail Group will not have …
