Big Lots declares bankruptcy and agrees to be bought by ... - CBS News
WEBSep 9, 2024 · Big Lots said Monday that it has filed for Chapter 11 bankruptcy protection from its debts, with the discount retailer citing inflation and high interest rates for hurting its business.
Big Lots files for bankruptcy | CNN Business
WEBSep 9, 2024 · Chapter 11 is useful for Big Lots because “it gives a debtor leverage in negotiations and allows a company to renegotiate and reject burdensome leases and contracts, which are often a major...
Big Lots files for Chapter 11 bankruptcy protection, plans ... - ABC News
WEBSep 9, 2024 · Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with a pullback in consumer spending and soft sales. The Columbus, Ohio-based company plans to sell its assets and ongoing business operations to private equity firm Nexus Capital Management.
Big Lots Chapter 11 Could Mean Growth Opportunity For Ollie's …
WEBSep 9, 2024 · Big Lots, Inc.’s (NYSE:BIG) filing for Chapter 11 bankruptcy protection could signify a growth opportunity for competitor Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), an analyst said.
Big Lots files for Chapter 11 bankruptcy protection | AP News
WEBSep 9, 2024 · Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with a pullback in consumer spending and soft sales. The Columbus, Ohio-based company plans to sell its assets and ongoing business operations to private equity firm Nexus Capital Management.
Big Lots Files for Bankruptcy, Agrees Sale to Nexus Capital
WEBSep 9, 2024 · The Columbus, Ohio-based company said it filed for Chapter 11 bankruptcy in Delaware, according to a company statement. It listed assets and liabilities of $1 billion to $10 billion in its court...
Big Lots Files for Bankruptcy, Agrees Sale to Nexus Capital (2)
WEBDiscount retailer Big Lots Inc. has filed for bankruptcy protection and plans to sell the firm’s assets and ongoing business in a court-supervised process. The Columbus, Ohio-based company said it filed for Chapter 11 bankruptcy in Delaware, according to a …
Big Lots filing for Chapter 11 bankruptcy, announces sales
WEBSep 9, 2024 · COLUMBUS, Ohio (WKBN) — Big Lots voluntarily filed for Chapter 11 bankruptcy on Monday and has announced restructuring plans and new ownership. Chapter 11 is a form of bankruptcy that involves ...
Big Lots Files for Bankruptcy, Agrees Sale to Nexus Capital
WEBSep 9, 2024 · Discount retailer Big Lots Inc. has filed for bankruptcy protection and plans to sell the firm’s assets and ongoing business in a court-supervised process.
Big Lots files for bankruptcy: More store locations set to close
WEBSep 10, 2024 · The closures are part of a sale agreement with an affiliate of Nexus Capital Management LP, Big Lots announced in a news release Monday. The company has initiated Chapter 11 proceedings in the U.S ...
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