LL Flooring Secures Buyer to Keep 219 Stores Open
F9 Investments, led by the retailer's founder, reverses the bankruptcy-induced shutdown plan.
- Private equity firm F9 Investments will acquire 219 LL Flooring stores and a distribution center.
- 211 LL Flooring stores will still close as part of the restructuring.
- The company had initially planned to liquidate all stores after filing for Chapter 11 bankruptcy last month.
- LL Flooring aims to return to its original business model under the leadership of its founder, Tom Sullivan.
- The acquisition is expected to be finalized by the end of September.
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