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.
