Big Lots deal falls apart, ‘going out of business’ sales planned at all locations

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Big Lots may not have a suitor after all.

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The struggling Columbus-based retailer announced Dec. 19 it “does not anticipate” completing its previously announced asset purchase agreement with Nexus Capital Management.

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Big Lots, which is in the middle of a Chapter 11 bankruptcy reorganization, is preparing going out of business sales at all remaining store locations in the coming days “to protect the value of its estate,” a press release said.

Click here to read the full story on the Orlando Business Journal’s website.

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