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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