Armed with $40M in new funding, chain will continue operating while restructuring
For Big Lots, it’s Nexus Capital Mgmt.; for LL Flooring, F9 Investments
Chain closing a third of its stores while seeking to sell itself
Pharmacy chain and celebrations store both closing underperforming stores
Chapter 11 could restructure debt, address opioid-related lawsuits
Restructuring move will leave it with 72 locales
Move to Chapter 11 preceded by notice to lay off 9000 workers
Owner plans fast rebirth for fashion chain