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September 10, 2024

LL Flooring reverses course and will keep open hundreds of stores under new owner

  • More than 200 stores are still set to close, including 117 locations where closings were recently initiated and 94 others that were already in the process.
    • By WYATTE GRANTHAM-PHILIPS
    AP Business Writer

    NEW YORK — After securing a last-minute buyer, LL Flooring is reversing course on shutting down all of its stores.

    The hardwood flooring retailer formerly known as Lumber Liquidators signed an agreement with private equity firm F9 Investments for a sale of its business on Friday afternoon. Under terms of the deal, expected to close by the end of September, F9 will acquire 219 stores and a Virginia distribution center — as well as LL Flooring's intellectual property and other assets.


     
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