A consumer leaves the Huge Tons retailer on Dec. 4, 2012 in Berlin, Vt.
Toby Talbot/AP
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Toby Talbot/AP
Low cost retailer Huge Tons is submitting for chapter because it prepares to be acquired, the corporate stated Monday.
The Ohio-based firm might be acquired by Nexus Capital Administration, “who believes in our business and provides increased financial stability,” Huge Tons stated, and invests in such corporations as Greenback Shave Membership and Toms.
Huge Tons stated it could want to shut some areas to proceed working successfully, and it’ll pay its distributors absolutely as soon as the chapter is filed.
Prospects will nonetheless be capable to earn and redeem rewards, in addition to use reward playing cards and retailer bank cards.
“Taken together, these actions are intended to accelerate our efforts to improve our performance and strengthen our business for the future,” the corporate stated.
The corporate operates practically 1,400 shops throughout 48 states.
