The low cost chain Huge Tons, which filed for chapter safety in September, has reached a deal that may maintain a whole lot of its shops and distribution facilities open.

Huge Tons mentioned Friday will probably be bought to Gordon Brothers Retail Companions, a agency that makes a speciality of distressed corporations. Gordon Brothers will then switch Huge Tons’ shops, distribution facilities and different property to different retailers.

Selection Wholesalers Inc., which owns greater than 400 low cost shops within the U.S. Southeast and Mid-Atlantic areas, plans to accumulate between 200 and 400 Huge Tons shops and function them beneath the Huge Tons model. Selection Wholesalers may even purchase as much as two distribution facilities.

“This sale settlement and switch current the strongest alternative to protect jobs, maximize worth for the property and guarantee continuity of the Huge Tons model,” Huge Tons President and CEO Bruce Thorn mentioned in an announcement. “We’re grateful to our associates nationwide for his or her grit and resilience all through this course of.”

Columbus, Ohio-based Huge Tons sells furnishings, residence decor and different objects. When it filed for chapter in September, it mentioned inflation and excessive rates of interest brought on customers to tug again on their purchases of residence and seasonal merchandise, two classes the chain will depend on for a major a part of its income.

On the time, Huge Tons deliberate to promote its property and ongoing enterprise operations to personal fairness agency Nexus Capital Administration.

However on Dec. 20, Huge Tons mentioned the take care of Nexus did not materialize. It then partnered with Gordon Brothers to conduct going-out-of-business gross sales at its 869 U.S. places.