More than 1,800 jobs at risk as Carpetright set for administration
Carpetright is set to enter administration, putting the future of its more than 1,800 staff at risk.
The carpet and flooring retailer has filed a notice of intent to appoint administrators.
It is understood that experts from PwC are set to be appointed as part of the process, who will seek to find emergency funding or a rescue buyer for the troubled business.
Once a notice of intent to appoint administrators is filed, it gives companies around 10 days in which it can attempt to avoid insolvency.
The company operates 272 stores across the UK which are continuing to trade as normal.
Carpetright, which is owned by Nestware Holdings, has suffered from weaker demand for carpets as homeowners shifted towards hard flooring as well as a major cyberattack in April which halted trading.
Related
Huge delivery chain announces closure of UK warehouse with 900…
A HUGE delivery chain has announced the closure of a UK warehouse putting 900 jobs at risk just days after staff protested over a "mass dismissal".The food deli
The incredible £799m underwater tunnel set to be this continent’s…
South America is set to get its first-ever underwater tunnel which is predicted to cost nearly £800 million and create some 9,000 jobs. The Santos-Guarujá Po
HelloFresh plans to close Nuneaton site with 900 jobs at…
The proposal is for the Nuneaton site to remain operational until at least mid-2025. "We know how unsettling this can be for our employees who we are supporting
New UK manufacturing facility to create 200 jobs – MM…
Legrand UK & Ireland has announced the opening of a new electronics manufacturing hub in Northumberland next year, creating 200 local jobs and
