Big Lots files for Chapter 11 bankruptcy, Nexus Capital to acquire stores
Sep 9, 2024 7:08 PM IST
Big Lots has filed for Chapter 11 bankruptcy, citing doubts about its operations. Now, Nexus Capital Management will acquire most of the stores.
A Big Lots store in Los Angeles, California, US, on Saturday, Sept. 7, 2024. Discount home goods retailer Big Lots Inc. is preparing to file for bankruptcy as soon as Sunday, and plans to sell its chain of stores via a court-supervised process, according to people familiar with the plans. Photographer: Eric Thayer/Bloomberg
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