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No more love at Levitz, company going out of business


WASHINGTON After nearly a century, Levitz Furniture is going out of business.

According to reports, the bankrupt company will be purchased by a group of liquidators for $48 million. The purchase follows Levitz filing for Chapter 11 for the third time in less than 10 years.

Going-out of-business sales are currently taking place at Levitz stores across the country. According to reports, Levitz will get a portion of the proceeds from these sales.

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