LL Flooring Agrees to Sell Name and 219 Stores to F9 Investments at Last Minute

Richmond, VA September 6, 2024--LL Flooring, formerly Lumber Liquidators, has reversed course on shutting down all stores and has agreed to sell 219 stores to F9 Investments, which will run the stores on an ongoing basis.

LL Flooring just announced it will sell around half of its stores to F9 Investments. F9 is led by Lumber Liquidators founder Tom Sullivan. Under the terms of the agreement, F9 investments will acquire 219 stores, inventory in those stores, the company's Sandston, Virginia distribution center, the LL Flooring intellectual property (trademarks) and other assets. The transaction is expected to be completed by the end of September.

Jason Delves, CEO of F9 Investments, told Floor Focus that the business will revert to the Lumber Liquidators name.

Charles Tyson, president and chief executive officer of LL Flooring, said, "We are pleased to have reached this agreement with F9 Investments for a going-concern sale following significant efforts by our team and advisors to preserve the business and maintain ongoing operations."

LL Flooring also continues to work with Hilco Merchant Resources to assist the company in store closing sales at 211 of its 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.

Listen to the interview with Tom Sullivan and Jason Delves here.