Category Archives: Liquidation

Big Lots Closing All Stores: Bankruptcy Forces Nationwide Liquidation | WV News

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Big Lots faces liquidation risk on unpaid rent, inventory value

Big Lots Inc.’s efforts to stay in business are beginning to unravel, putting the discount retailer that employs more than 27,000 people at risk of liquidation, according to court records and people with knowledge of the matter. A valuation appraisal of the bankrupt company’s inventory came in lower than expected, which threatens the economics of…

Grocery Automation Biz Takeoff Gets OK For Liquidation Plan

By Rick Archer · December 19, 2024, 2:36 PM EST A Delaware bankruptcy judge on Thursday greenlighted grocery automation firm Takeoff Technologies’ Chapter 11 liquidation plan after hearing no opposition…. To view the full article, register now. Read the original article here

Big Lots liquidation looms after plan to sell to Nexus Capital falls apart – Orange County Register

By Reshmi Basu | Bloomberg Big Lots does not expect to complete a planned sale of its business to private equity firm Nexus Capital Management LP, putting the discount retailer that employs more than 27,000 people at risk of liquidation. The company said it continues to work toward completing an alternative transaction with Nexus or…

Big Lots faces liquidation risk on unpaid rent, inventory value | Business

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Big Lots Faces Liquidation Risk on Unpaid Rent, Inventory Value

(Bloomberg) — Big Lots Inc.’s efforts to stay in business are beginning to unravel, putting the discount retailer that employs more than 27,000 people at risk of liquidation, according to court records and people with knowledge of the matter. A valuation appraisal of the bankrupt company’s inventory came in lower than expected, which threatens the…