Update: LL Flooring signed a last minute agreement with F9 Investments for a going-concern sale of its business as part of its Chapter 11 process. The asset purchase agreement includes the acquisition of 219 stores, inventory, intellectual property, and other assets. The transaction is expected to close by the end of September, subject to Bankruptcy Court approval. The company will continue to operate normally, serving customers with a broad range of flooring products both online and in stores. LL Flooring is also proceeding with previously announced store closings at 211 locations.
“Closing sales are continuing at 211 store locations, including the recently initiated 117 store closings and the 94 store closings already in process that had been previously announced on August 11, 2014. These locations will remain open and serving customers through the store closing process.”Additional information can be found at the LL Flooring Restructuring website.
Virginia-based LL Flooring, formerly known as Lumber Liquidators, is closing its doors after the bankrupt company was unable to secure a buyer to save the 30-year-old business, according to several reports and a letter sent to customers on Friday. This includes its Rockville location at 800 Hungerford Dr.
The company has begun liquidating its assets, with sales having started at its remaining 200 stores on September 6 as part of an “orderly wind-down of operations” expected to conclude within 12 weeks. The Rockville store’s Google listing already shows it as “store closing soon.”
Approximately 2,000 employees will lose their jobs. Founded around 30 years ago as Lumber Liquidators, the company originally specialized in purchasing and selling surplus inventory. It later expanded to offer around 500 varieties of hard-surface flooring and, at its peak in 2018, operated over 400 locations. Featured photo by Google Maps.
