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The founder of home improvement store Lumber Liquidators has agreed to buy and take over more than 200 locations of the chain since renamed LL Flooring following an announcement last week it would liquidate.
The 30-year-old company said last week it had failed to find a buyer during its bankruptcy and would shutter its 400 national locations. Now, about half might get a reprieve, including a handful in Philadelphia.
Lumber Liquidators founder and current shareholder Thomas Sullivan’s F9 firm will take over 219 locations of the failing flooring company, the Philadelphia Business Journal reported. The deal is set to close at the end of September, after which those stores would reopen under the original Lumber Liquidators name.