Big Lots, Bargain Outlet and Ollie's
Goodbye Big Lots, Hello Ollie's! Ollie's Bargain Outlet acquired 40 more store leases from Big Lots
Ollie’s Bargain Outlet Holdings Inc. announced the acquisitions from Gordon Brothers, a liquidation firm handling the sale of Big Lots locations, on Feb. 27. The Harrisburg, Pennsylvania-based company prefaced that the acquisitions are subject to final bankruptcy court approval and customary closing conditions.
After filing for bankruptcy protection and being nearly obliterated ... Openings expected from early April through early ...
Should the plans for these 40 locations go through, the buyer will have acquired a total of 63 Big Lots store leases.
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But Big Lots has made it clear it doesn’t have enough cash to repay all administrative claims — costs incurred during a bankruptcy case — said the people, who asked not to be identified.
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