Adrian, MI – Big Lots, Inc. has announced that it does not anticipate completing its previously announced asset purchase agreement with Nexus Capital Management, and will commence ‘going out of business’ sales at their more than 900 locations…including Lenawee County.
Bruce Thorn, Big Lots’ President and Chief Executive Officer, said: “We all have worked extremely hard and have taken every step to complete a going concern sale. While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the GOB process.”
The Company is continuing to serve customers in-store and online, and will provide updates as available.
Big Lots, which is based in Columbus, Ohio, and operates more than 900 locations across the U.S., sells furniture, lawn and garden, apparel, health and beauty, and other consumer goods.
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