Sale of LL Flooring to F9 Investments Now Complete

Richmond, VA, October 2, 2024-As of October 1, LL Flooring Holdings, Inc. completed the previously announced going-concern sale of the business to F9 Investments for the acquisition of 219 stores, inventory in those stores, LL Flooring’s intellectual property and other company assets. LL Flooring also announced the completion of its previously disclosed private sale of the Sandston distribution center. With the completion of the sale transactions, the court-supervised sale process has concluded.

Charles Tyson, president and chief executive officer of LL Flooring, said, "We are pleased to have reached these value-maximizing sales to preserve the business and maintain ongoing operations. This marks the start of a new chapter for LL Flooring, and we are working closely with F9 Investments to ensure a seamless transition for our customers. I would like to express my sincere gratitude to our associates for their hard work and dedication to serving our customers throughout this process."

LL Flooring continues to work with Hilco Merchant Resources, LLC, to assist the company in store closing sales at locations that were not part of the agreement with F9 Investments.