The judge also approved the sale of LL Flooring’s massive distribution facility in Sandston for $104 million. The buyer is data center giant QTS.
Bankruptcy court approves $40M sale of LL Flooring assets to Lumber Liquidators founder
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
Va. Beach-based IT company opens sizable new hub in Mechanicsville
“We wanted something that matches up to what we have in Virginia Beach that we can proudly bring our customers to and employees can collaborate in,” said VIcom President BJ Hughes.
LL Flooring founder: ‘Need to get it back to the basics’
In a brief, previously unpublished interview with Richmond BizSense in June, Tom Sullivan explained some of the goals of his pursuit to acquire control of the publicly traded Henrico-based retailer.
LL Flooring reverses course, cuts deal to sell assets to founder and former CEO
The deal was disclosed just three days after the bankrupt company’s public announcement that it was pivoting away from the possibility of a sale and into full-scale liquidation and shutdown.
Bankrupt LL Flooring pivots to full liquidation, issues layoff notices for hundreds of local workers
Two weeks after it sought bankruptcy protection to shutter some stores and find a buyer that might keep the rest of the chain afloat, the company formerly known as Lumber Liquidators has now pivoted into a full-scale liquidation.
Richmond investor group stays hot for cold storage
Longtime business partners Yogi Singh, Stewart Garland and Pushkal Basavaraj, through their company AgCold, are kicking off a $10 million refrigerated warehousing project in Suffolk.
Broad Street shooting range shutting down; building and inventory to be sold
The facility, which was one of the largest indoor shooting ranges in the country when it opened 12 years ago, said it is closing due to “market volatility, inflation and other factors.”
Airport commission defers high stakes vote on controversial FBO proposal
“All of my employees are worried about whether they’ll have a job in 17 months,” said Million Air Richmond’s Mark Cooke said. “I can’t get any new customers… my customers that I have are being courted by other airports.”
Goochland-based CarMax lays off more than 400 employees in recent weeks
The Fortune 500 said the cuts came in two rounds in recent weeks and that the local impact of the layoffs were minimal. It has approximately 2,300 employees in the region and 30,000 in total.
Former Salomon & Ludwin employees appeal client solicitation injunction
A legal battle between two local financial advisory firms has taken a detour into federal appeals court before the original case has even had a chance to fully play out.