Gordon Brothers Retail Partners completes deal to keep up to 400 Big Lots stores open
12/30/24, 6:36 PM
Location
bostoncolumbusIndustry
financial services
grocery
retail
e commerce
Gordon Brothers Retail Partners has finalized a transaction with Big Lots that could result in up to 400 stores remaining open, following Big Lots' previous announcement of store closures. The deal includes the transfer of Big Lots assets to enable the continuation of operations under the Big Lots banner by Variety Wholesalers. This strategic agreement reflects Gordon Brothers' commitment to revitalizing distressed retail assets and preserving jobs while maximizing value for the estate.
Company Info
Location
Boston, Massachusetts, United States
Company info
Gordon Brothers Retail Partners is a leading global advisory, restructuring, and investment firm, specializing in the retail sector. It provides comprehensive solutions to help retailers optimize operations, maximize asset values, and drive growth. The company has a proven track record of acquiring and revitalizing distressed or underperforming retail assets, as well as providing strategic support for successful transitions and transformations.