{"id":88087,"date":"2024-09-20T06:55:14","date_gmt":"2024-09-20T06:55:14","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/"},"modified":"2025-09-19T09:02:48","modified_gmt":"2025-09-19T09:02:48","slug":"bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/","title":{"rendered":"Bankruptcy court approves sale of LL Flooring assets to Lumber Liquidators founder"},"content":{"rendered":"<p>Bankrupt LL Flooring is a step closer to being sold to its founder and former CEO in a deal that will keep about half of its stores and employees intact.<span id=\"more-36297\"><\/span><\/p>\n<p>The Henrico-based retailer on Monday received approval from U.S. Bankruptcy Court Judge Brendan Shannon to move forward with a \u201cgoing-concern\u201d sale to an affiliate of F9 Investments, a private equity firm run by Thomas Sullivan, who founded LL as Lumber Liquidators 30 years ago. The deal calls for F9 to retain 219 of LL\u2019s 430 stores, along with the stores\u2019 inventory and that of the company\u2019s massive distribution center in Sandston. F9 also agrees to save the jobs of up to 1,000 LL employees. In exchange, the LL bankruptcy estate expects to receive cash consideration of $40 million-$43 million from F9, according to court documents. With the judge\u2019s blessing in hand, it\u2019s now up to the two sides to consummate the deal, which is expected to close by Sept. 30.<\/p>\n<p>Once finalized, LL will be helmed by Jason Delves, president and CEO of F9 affiliate F9 Brands, court records state. Delves has more than two decades in the flooring and retail industry, having served as executive officer of various subsidiaries of F9, including Cabinets To Go, Southwind Building Products, LLC and Gracious Homes. Also included in the deal is LL\u2019s intellectual property, namely the rights to the original Lumber Liquidators brand, which F9 plans to revive.<\/p>\n<p>\u201cF9 Brands\u2019 focus has been and continues to be restoring Lumber Liquidators as an iconic brand in the flooring industry,\u201d Delves said in a filing with the court.<\/p>\n<p>Sullivan has\u00a0previously criticized the company\u2019s rebrand\u00a0from Lumber Liquidators to LL Flooring. It was done after Sullivan\u2019s departure from the company in an effort to leave behind the baggage of bad publicity from a damning \u201c60 Minutes\u201d report in 2015 and subsequent legal issues. However, executives have since admitted that the LL Flooring brand never caught on with consumers.<\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Bankrupt LL Flooring is a step closer to being sold to its founder and former CEO in a deal that will keep about half of its stores and employees intact. The Henrico-based retailer on Monday received approval from U.S. Bankruptcy &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":96409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-88087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bankruptcy court approves sale of LL Flooring assets to Lumber Liquidators founder - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bankruptcy court approves sale of LL Flooring assets to Lumber Liquidators founder - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Bankrupt LL Flooring is a step closer to being sold to its founder and former CEO in a deal that will keep about half of its stores and employees intact. The Henrico-based retailer on Monday received approval from U.S. Bankruptcy &hellip; Continue reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.timberindustrynews.com\/ro\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/\" \/>\n<meta property=\"og:site_name\" content=\"Timber Industry News\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-20T06:55:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-19T09:02:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/Lumber_Liquidators-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"580\" \/>\n\t<meta property=\"og:image:height\" content=\"316\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"GWMI Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scris de\" \/>\n\t<meta name=\"twitter:data1\" content=\"GWMI Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Timp estimat pentru citire\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.timberindustrynews.com\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/\"},\"author\":{\"name\":\"GWMI Admin\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff\"},\"headline\":\"Bankruptcy court approves sale of LL Flooring assets to Lumber Liquidators founder\",\"datePublished\":\"2024-09-20T06:55:14+00:00\",\"dateModified\":\"2025-09-19T09:02:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/\"},\"wordCount\":337,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/Lumber_Liquidators-2.jpg\",\"articleSection\":[\"Latest Trends\"],\"inLanguage\":\"ro-RO\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.timberindustrynews.com\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.timberindustrynews.com\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/\",\"url\":\"https:\/\/www.timberindustrynews.com\/bankruptcy-court-approves-sale-of-ll-flooring-assets-to-lumber-liquidators-founder\/\",\"name\":\"Bankruptcy court approves sale of LL Flooring assets to Lumber Liquidators founder - 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