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LL Flooring CEO resigns, effective immediately
LL Flooring President and CEO Charles E. Tyson has resigned effective immediately, the Henrico County flooring company formerly known as Lumber Liquidators announced in a Securities and Exchange Commission document released Friday. The move is not exactly a surprise, coming several weeks after Thomas Sullivan, Lumber Liquidators’ founder and former CEO, purchased 219 LL Flooring stores, [&h[...]
Top Five October 2024
The top five daily news stories on VirginiaBusiness.com from Aug. 16 to Sept. 13 included news that LL Flooring is selling 219 stores and other assets to an entity connected to F9 Group, which is owned by Lumber Liquidators‘ founder and former CEO, Tom Sullivan. 1 | Portsmouth business owner pleads guilty to $1.3 […]
Judge approves LL Flooring’s sale of Sandston plant, assets
A Delaware Bankruptcy Court judge on Monday approved the sale of 219 LL Flooring stores to an entity connected to F9 Group, which is owned by Lumber Liquidators founder and former CEO Thomas Sullivan. The court also OK’d the $104.75 million sale of the bankrupt flooring company’s eastern Henrico County distribution center to an entity […]
LL Flooring to sell 219 stores; 211 other stores set to close
Henrico County’s LL Flooring, which declared Chapter 11 bankruptcy last month, has signed an agreement to sell 219 stores and other assets to F9 Investments, the company announced Sept. 6. LL Flooring plans to close 211 other stores nationwide, up from 94 stores previously announced. With this agreement, F9 Brands owner Tom Sullivan, the founder […]
LL Flooring sells Henrico distribution center for $104M
Read more: LL Flooring to sell 219 stores; 211 other stores set to close LL Flooring has sold its eastern Henrico County distribution center to a limited liability company for $104.75 million, according to documents the Henrico-based flooring company filed with the Securities and Exchange Commission on Tuesday. Formerly known as Lumber Liquidators, LL Flooring […]
LL Flooring to be delisted from NYSE
Updated Aug. 14 The New York Stock Exchange has informed Henrico County-based LL Flooring Holdings that its common stock will be delisted from the stock exchange and that trading was to be immediately suspended after the company filed for Chapter 11 bankruptcy Sunday, LL Flooring announced Tuesday. In a news release, LL Flooring said that […]
LL Flooring files for bankruptcy
LL Flooring, the Henrico County flooring company previously known as Lumber Liquidators, announced Sunday it has entered Chapter 11 bankruptcy proceedings and is pursuing a sale of its business. Also, according to documents filed with the Securities and Exchange Commission, the company has received a nonbinding letter of intent to sell its Henrico County distribution […]
LL Flooring receives $194M acquisition proposal
Las Vegas-based holding company Live Ventures has submitted a proposal to acquire Henrico County-based hard-surface flooring retailer LL Flooring Holdings for approximately $194.4 million in cash. Live Ventures, which specializes in the retail and flooring industries, published Thursday the letter sent by its president and CEO, Jon Isaac, to the LL Flooring board the previous […]
Retail | Wholesale | Food | Beverage 2023: CHARLES E. TYSON
This year started out slower for LL Flooring, with sales declining by 13.7% — from $279 million in the first quarter of 2022 to $240.7 million in the same quarter this year. Tyson, who has headed the flooring company formerly known as Lumber Liquidators since 2020, said during an earnings call that the period has […]
