( WJET/WFXP ) — After months of attempting to find a buyer, LL Flooring, formerly known as Lumber Liquidators, announced the closure of its remaining 200 locations.
In an announcement from the company, they said that talks to find a buyer did not result in an offer with “the necessary financing that would maximize the value of the company.” As a result, the company reached the deadline for a determination to be made, and the company decided that a sale of the company’s individual assets would be the most valuable for its creditors.
LL Flooring files for Bankruptcy with plans to close 94 stores
As a result, the remaining 200 LL Flooring locations will begin winding down with going-out-of-buisiness sales set to begin Friday, September 6. The company expects the closing sales to be held over the next 12 weeks, with closing dates varying from store to store.
To view a full list of LL Flooring Locations Click Here .
Earlier last month, the company announced its filing for Chapter 11 Bankruptcy along with the closure of 94 locations where closing sales have already been underway.