CARPETRIGHT has been bought in a rescue deal by rival Tapi but will shut more than 200 stores and cut more than 1000 jobs.
It was announced on Monday that the flooring retailer Tapi had agreed to buy 54 Carpetright stores, two warehouses, the brand, and its intellectual property in a pre-pack administration deal.
Administrators at PwC added that the deal will save more than 308 current jobs at Carpetright.
However, the deal will not save most of the business, including its head office in Purfleet, Essex.
Full list of every Carpetright store set to close
Below you can see the full list of stores set to close, but note that the stores written with FV initials are based inside Furniture Village stores.
Carpetright, which is owned by Nestware Holdings, filed a notice to appoint administrators earlier this month, after struggling in the face of weaker demand and a major cyber attack in April.
The company employed 1852 people and operated 273 stores across the UK before entering insolvency.
Administrators said it will retain workers at its head office for the short term as it winds down operations.
However, it said 1018 workers will face immediate redundancy across its stores which were not part of the rescue deal.
Zel Hussain, joint administrator at PwC, said: “The sale of some stores and the brand to Tapi has allowed over 300 jobs to be saved, and gives the Carpetright brand the chance to continue and flourish under its new ownership.
“However, it is deeply saddening that for the remainder of the workforce there will be redundancies.
“We are committed to helping those affected and will make sure redundancy claims are processed as quickly as possible.”
The administrators said orders made at stores now set for closure “are unable to be fulfilled” and recommended customers to contact their card provider in order to potentially secure a refund.
Tapi was founded in 2015 by Lord Harris of Peckham, who also founded Carpetright. He sold all his stock in Carpetright in 2014.
Tapi has grown rapidly in recent years and runs about 175 shops across the UK.
