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...
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...
by Mike Duff | Sep 9, 2024 | Featured News, Retail Articles
After weeks of speculation about company finances, Big Lots announced that it filed for Chapter 11 bankruptcy protection after entering into an agreement with an affiliate of Nexus Capital Management under which the financial firm would acquire substantially all of...
by Mike Duff | Sep 4, 2024 | Retail Articles
As it moves to its next phase of the business, Rite Aid Corp. announced that it has emerged from Chapter 11 bankruptcy protection and appointed Matt Schroeder CEO. Rite Aid declared bankruptcy in October of last year. With the emergence, Rite Aid will operate as a...
