Variety Wholesalers and Gordon Brothers Acquire Big Lots Store Portfolio

January 3, 2025

Big Lots, Inc. closed a sale agreement enabling Gordon Brothers Retail Partners to facilitate the transfer of between 200 and 400 Big Lots stores to Variety Wholesalers, with Variety acquiring 219 store locations out of bankruptcy. The transaction preserves jobs, maintains the Big Lots brand at many locations, and expands Variety Wholesalers' discount retail footprint across multiple eastern U.S. states.

Buyers
Gordon Brothers Retail Partners, LLC, Variety Wholesalers, Inc.
Targets
Big Lots, Inc. (store portfolio / 219 locations)
Sellers
Big Lots, Inc.
Industry
Retail
Location
Ohio, United States
Transaction Type
Divestiture

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