A Blank Rome team successfully represented Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (“Ollie’s”), America’s largest retailer of closeout merchandise and excess inventory, in its acquisition of 40 store leases in the Big Lots Chapter 11 cases pending before the U.S. Bankruptcy Court for the District of Delaware. Including these, Blank Rome has assisted Ollie’s in acquiring a total of 63 former Big Lots store leases since the commencement of the Big Lots Chapter 11 cases in the fall of 2024.
The stores line up well with Ollie’s business and growth strategy with favorable lease terms, sizes, locations, and customers.
This most recent acquisition of store leases closed after obtaining bankruptcy court approval.
For more information on this partnership, please read the press release: Ollie’s Bargain Outlet Acquires 40 Former Big Lots Stores from Gordon Brothers | Ollie's Bargain Outlet Holdings Inc.
The Blank Rome team was led by Joe Mintz and Harris Diamond, and included Joel Shapiro, Michael Schaedle, Dayna Finkelstein, and Lorenzo Thomas.
