Court approves sale of Big Lots, Inc.

COLUMBUS, Ohio — Big Lots, Inc. announced today that it has received court approval to sell most of its assets and operations to an affiliate of Nexus Capital Management LP. The sale, which is expected to close in early December, is part of the retailer’s efforts to strengthen its business and financial position.

Big Lots CEO Bruce Thorn said the approval marks a new chapter for the company. “This partnership with Nexus will help us reclaim our position as a leader in value retail,” he said. Thorn added that the company remains focused on serving customers and appreciates the hard work of its employees.

Evan Glucoft, Managing Director at Nexus Capital, expressed confidence in Big Lots’ potential, saying the acquisition is a step toward unlocking future growth opportunities.

The sale is subject to customary closing conditions.