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Big Lots New Deal The turnaround comes after Big Lots previously agreed to sell “substantially all” of its stores and business operations to Nexus Capital Management.
The bankrupt Big Lots home goods closeout retailer just announced its planned sale to Nexus Capital Management has hit the skids so it will begin going-out-of-business sales (GOB) at its remaining ...
Big Lots is preparing to close its remaining 963 locations after a sale to save the bankrupt retailer fell through.
Big Lots does not expect to complete a planned sale of its business to private equity firm Nexus Capital Management LP, putting the discount retailer that employs more than 27,000 people at risk ...
Big Lots is preparing to close all of its stores, the bankrupt discount retailer said Thursday. The company had previously planned to sell its assets to private equity firm Nexus Capital ...
Big Lots said it does not anticipate closing the sale to Nexus Capital, months after initiating bankruptcy proceedings under Chapter 11.
Big Lots announced it will likely not complete its purchase agreement to sell off its assets as part of a Chapter 11 bankruptcy, and is holding Going Out of Business sales now.
Big Lots, which filed for bankruptcy in September, said it no longer expects to complete a previously announced asset sale to an affiliate of the private equity firm Nexus Capital Management.
After declaring bankruptcy in September and months of store closures, Big Lots announced plans Dec. 19 to shutter its remaining locations.