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| Economy |
| Big Lots Prepares to File for Bankruptcy amid Inflation and Declining Sales |
| 2024-09-08 |
| [BREITBART] The retailer known as Big Lots is preparing to file for bankruptcy as other companies across the United States have recently done. Individuals with knowledge of the situation said the discount home goods store may file as early as Sunday, Bloomberg reported on Friday, noting the company is planning to sell its stores through a court-supervised process. The article continued: The company will continue to operate under Chapter 11 protection, the people said, and is in the process of lining up a so-called stalking horse bid, meaning it's subject to better offers should any materialize. The company has been working with advisers from AlixPartners and Guggenheim Partners on the bankruptcy and sale process. The news comes after the restaurant chain Red Lobster filed for Chapter 11 bankruptcy followed by affordable gym chain Blink Fitness, and Rite Aid pharmacy closed all its stores in Michigan and Ohio amid that company's recent bankruptcy filings. Related: Bankruptcy 08/30/2024 Big Lots Reportedly Mulls Bankruptcy Amid Consumer Downturn Bankruptcy 08/17/2024 Ill. comptroller withholds funds from Dolton as Tiffany Henyard orders cops to obey disgraced department ally Bankruptcy 08/12/2024 King Chuck lauds ''resilience'' over ''aggression'' in UK riots after criticism |
| Posted by:Fred |
| #1 It will reorganize and reopen as Sh&T Ton. |
| Posted by: Super Hose 2024-09-08 15:08 |