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The Independent UK
The Independent UK
National
Dee-Ann Durbin

Big Lots reaches deal to keep hundreds of US stores open

Big Lots United States Gordon Brothers
Big Lots Bankruptcy - (Copyright 2024 The Associated Press. All rights reserved.)

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 to other retailers.

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