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What will be the new ownership structure of Big Lots after the deal by December 31, 2025?
2
Resolution / Starting Odds
Fully owned by Gordon Brothers • 25%
Joint ownership with another retailer • 25%
Sold to a different retailer • 25%
Remains independent • 25%
Official announcements from Big Lots or Gordon Brothers, or business news reports
Story
Big Lots Strikes Deal with Gordon Brothers to Save 200-400 Stores and Thousands of Jobs After Bankruptcy Filing in September
Dec 28, 2024, 07:30 PM
Discount retailer Big Lots has reached a deal with Gordon Brothers Retail Partners to keep between 200 and 400 of its stores open, following its bankruptcy filing in September. This agreement comes after an earlier sale attempt fell through, which had put the future of the chain in jeopardy. The deal aims to preserve the Big Lots brand and save thousands of jobs associated with the stores. The agreement will allow Gordon Brothers to transfer Big Lots’ stores and distribution centers to other retailers, ensuring the continuation of operations in a significant number of locations. The deal is contingent upon approval by a bankruptcy court.
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Other entity • 25%
Nexus Capital Management • 25%
Another private equity firm • 25%
Retail competitor • 25%
Target • 25%
Walmart • 25%
Other • 25%
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Variety Wholesalers • 25%
No Acquisition • 25%
Gordon Brothers • 25%
Another Entity • 25%
Other outcome • 25%
No sale, continue liquidation • 25%
Sold to Nexus Capital Management • 25%
Sold to another party • 25%
Acquisition by another party • 25%
Partial liquidation with store retention • 25%
Complete liquidation • 25%
Acquisition by Nexus Capital Management • 25%
Store expansion • 25%
Cost-cutting measures • 25%
Partnerships and collaborations • 25%
Online sales focus • 25%
Other • 25%
Private equity firm • 25%
Real estate investment group • 25%
Competitor retailer • 25%