"LL Flooring has been working hard to pursue a going-concern sale of the Company and has actively negotiated with multiple bidders. These discussions have not resulted in an offer, with the necessary financing."
"It was determined that a sale of the Company's individual assets, holding closing sales at our stores and winding down the business will deliver the most value to its creditors."
"As of Friday, though, the company says it will stop making installation appointments. The overall store closure process is expected to take 12 weeks, though some stores will shut down sooner than that."
"Lumber Liquidators changed its name to LL Flooring in 2021 following a string of PR disasters, including a 60 Minutes piece that included video of the company's suppliers saying they provided products that included higher levels of formaldehyde than allowed by regulatory standards."
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