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Big Lots (OTC:BIGGQ) has agreed to a transaction with Gordon Brothers Retail Partners that will facilitate the transfer of a majority of Big Lots' assets to Variety Wholesalers and other parties.
Retailers (gas stations) and wholesalers (the companies that sell to retailers) are now able to charge three cents a litre more for gas. However, this could be offset by decreases in market prices.
Variety Wholesalers, which is based in Henderson, North Carolina, owns more than 400 retail stores that operate under the names Roses, Roses Express, Maxway, Bill's Dollar Stores, Super 10 ...
Gordon Brothers Retail Partners has just thrown a lifeline to closeout retailer Big Lots after a previous deal with Nexus Capital Management to acquire the company fell through. Before Gordon ...
COLUMBUS, Ohio — Big Lots, Inc. has announced an agreement to sell its stores and other assets to Gordon Brothers Retail Partners and Variety Wholesalers, Inc. The deal includes transferring ...
Big Lots, which is in the middle of a Chapter 11 bankruptcy reorganization, said in a press release that the deal sets up the transfer of its assets – stores, distribution centers and ...
The privately-owned Variety Wholesalers plans to acquire 200 to 400 Big Lot stores, two distribution centers, and would retain the associates, operating under the Big Lots brand, the discount home ...
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Variety Wholesalers Inc., which owns more than 400 discount stores in the Southeast and Mid-Atlantic, plans to acquire between 200 and 400 Big Lots stores and operate them under the Big Lots brand.