Gordon Brothers Assesses How Valuable Big Lots Real Estate Is -- Market Talk

Dow Jones

2025/01/10

1312 ET - Gordon Brothers is in the midst of assessing how valuable Big Lots' real estate and inventory is after closing a deal to acquire the discount retail chain right after the holidays, the liquidation firm's Chief Transaction Officer Kyle Shonak tells WSJ. The agreement came after Gordon Brothers put together a backup bid in case Big Lots' deal with Nexus Capital Management fell through, Shonak says. The company then brought to the table Variety Wholesalers to maximize the value of the real estate and also gave an opportunity and a pathway for the company to save jobs and for some semblance of big lots to remain intact, Shonak says. Variety is also assessing the number of Big Lots stores it will be buying as part of the deal, and whether there will be any management changes, Shonak says. "It's still pretty early. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

January 09, 2025 13:12 ET (18:12 GMT)

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The agreement came after Gordon Brothers put together a backup bid in case Big Lots' deal with Nexus Capital Management fell through, Shonak says. The company then brought to the table Variety Wholesalers to maximize the value of the real estate and also gave an opportunity and a pathway for the company to save jobs and for some semblance of big lots to remain intact, Shonak says. Variety is also assessing the number of Big Lots stores it will be buying as part of the deal, and whether there will be any management changes, Shonak says. \"It's still pretty early. 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The agreement came after Gordon Brothers put together a backup bid in case Big Lots' deal with Nexus Capital Management fell through, Shonak says. The company then brought to the table Variety Wholesalers to maximize the value of the real estate and also gave an opportunity and a pathway for the company to save jobs and for some semblance of big lots to remain intact, Shonak says. Variety is also assessing the number of Big Lots stores it will be buying as part of the deal, and whether there will be any management changes, Shonak says. \"It's still pretty early. (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 09, 2025 13:12 ET (18:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2502902895","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502902895","pubTimestamp":1736446320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1312 ET - Gordon Brothers is in the midst of assessing how valuable Big Lots' real estate and inventory is after closing a deal to acquire the discount retail chain right after the holidays, the liquidation firm's Chief Transaction Officer Kyle Shonak tells WSJ. The agreement came after Gordon Brothers put together a backup bid in case Big Lots' deal with Nexus Capital Management fell through, Shonak says. The company then brought to the table Variety Wholesalers to maximize the value of the real estate and also gave an opportunity and a pathway for the company to save jobs and for some semblance of big lots to remain intact, Shonak says. Variety is also assessing the number of Big Lots stores it will be buying as part of the deal, and whether there will be any management changes, Shonak says. \"It's still pretty early. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","BIGGQ":"Big Lots, Inc.","BK4114":"综合货品商店","BK4220":"综合零售"},"translate_title":"戈登兄弟评估大宗房地产的价值——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1,"BIG":1,"BIGGQ":0.9},"content_text":"1312 ET - Gordon Brothers is in the midst of assessing how valuable Big Lots' real estate and inventory is after closing a deal to acquire the discount retail chain right after the holidays, the liquidation firm's Chief Transaction Officer Kyle Shonak tells WSJ. The agreement came after Gordon Brothers put together a backup bid in case Big Lots' deal with Nexus Capital Management fell through, Shonak says. The company then brought to the table Variety Wholesalers to maximize the value of the real estate and also gave an opportunity and a pathway for the company to save jobs and for some semblance of big lots to remain intact, Shonak says. Variety is also assessing the number of Big Lots stores it will be buying as part of the deal, and whether there will be any management changes, Shonak says. \"It's still pretty early. (sabela.ojea@wsj.com; @sabelaojeaguix) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 09, 2025 13:12 ET (18:12 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}