LL Flooring's Bankruptcy Filing and Store Closures
Monday, 12 August 2024, 13:50
LL Flooring's Bankruptcy Filing and Store Closures
LL Flooring has officially filed for Chapter 11 bankruptcy in Delaware, marking a significant shift in the company's strategy. The flooring retailer plans to close 94 stores with the goal of reducing its physical footprint. This move is part of a broader strategy focused on pursuing a going-concern sale, allowing the business to operate and restructure while minimizing disruptions. As the company pivots, the long-term implications for its operations and stakeholders will unfold in the coming months.
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