By Jordan Valinsky, CNN New York (CNN) — Big Lots, the beleaguered discount retailer that previously warned it had “substantial doubt” about its survival, has filed for bankruptcy. As part of its Chapter 11 filing, the retailer announced that private equity firm Nexus Capital Management is acquiring…
Big Lots filed for Chapter 11 bankruptcy protections and agreed to sell itself to an affiliate of private-equity firm Nexus Capital Management, following extended sales declines and several quarters of losses at the discount retailer.
Discount retailer Big Lots has filed for bankruptcy and agreed to sell its assets to an affiliate of private equity firm Nexus Capital Management, the companies announced Monday.
Months after Big Lots publicly announced signs of trouble, the home goods and seasonal retailer is selling its business as it starts bankruptcy proceedings.
The discount retailer Big Lots, known for its treasure-hunt atmosphere and budget prices, has filed for bankruptcy and entered a sale agreement with a private equity firm.
Big Lots, which has filed for bankruptcy protection, says it plans to close additional stores in the coming months. Here's a look at the stores the retailer is already closing.
U.S. discount retail chain Big Lots filed for bankruptcy Monday as Biden-era inflation continues to weaken consumer spending and push retailers out of business.
Major discount chain Big Lots has announced it is filing for Chapter 11 bankruptcy and of the company’s 1,400 stores nationwide, some will close "to ensure that our business operates efficiently"
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Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital | Since Then
