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
Ilkley Chat Jobs Board: 24 Dec 2024
đ| ILKLEY CHAT JOBS BOARD |đ 24.12.24 every Tuesday with Right at Home Ilkley, Keighley & Skipton - recruiting CareGivers to provide quality care in
âItâs a huge problemâ: whatâs gone wrong at the ONS…
The Office for National Statistics (ONS), with its number-crunchers and crack-of-dawn data dumps, is an unlikely backdrop for turmoil.But in recent months the N
UK on the brink of a recession and jobs âwill…
Labour has been warned that the UK is on the brink of a recession and the economy is fast heading for âthe worst of all worlds.â According to the Office
UK insurer Aviva to shed up to 2,300 jobs in…
By Chandini Monnappa and Lawrence White LONDON (Reuters) -British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3
