Dollar Shave Club, Toms investor to buy Big Lots for $765 million

COLUMBUS, Ohio (WCMH) -- Big Lots will be sold for $765 million to a top investor of Dollar Shave Club and Toms after the central Ohio retail chain filed for bankruptcy earlier this summer.

On Wednesday, Santa Monica-based investment firm Nexus Capital Management secured victory in Delaware Bankruptcy Court in a bid to buy Big Lots for $765 million. The investment firm, whose portfolio includes Dollar Shave Club, Toms and Natural Balance Pet Food, will officially take over after the sale is finalized in early December.