Leslie's Files for Chapter 11 Bankruptcy and Plans 76 Store Closures

Key Facts

1Leslie's filed for Chapter 11 bankruptcy protection aiming to eliminate $685 million in debt.

2The company plans to close 76 stores, with existing lenders set to become majority owners.

Leslie's filed for Chapter 11 bankruptcy protection aiming to eliminate $685 million in debt. Inc.com reported that the company plans to close 76 stores, with existing lenders set to become the majority owners of the business following the restructuring.

LESL closed at $0.102 on October 5, 2026, after reaching a session low of $0.09. The filing follows a period of financial distress as the company seeks to transition ownership to its lenders to address its debt obligations.