Is Carpetright closing down and which stores are shutting?
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Carpetright have announced the closure of more than 200 stores countrywide, with 1,590 jobs at risk after collapsing into administration.
The company, which was founded in 1988, was rescued by Tapi who have saved 54 locations and 308 jobs. However the majority of Carpetright stores will be closing in the coming months in the latest blow to the high street.
This comes after the Body Shop, Papa Johns and Ted Baker announced they would be shutting shops earlier this year, with rumours also flying surrounding the closure of various Cineworld cinemas.
Jeevan Karir, Managing Director of Tapi Carpets & Floors Limited said: "Our goal, initially,was to try to save all of Carpetright. However, as we looked into the details of the situation, we quickly established that saving the entire business was unviable.
"The business has been materially loss making for a number of years and it has significant debt held by the owner. We then turned ourselves to trying to save a number of stores whilst being mindful of how the Competition authorities would look at any deal.
"So, we arrived at 54 stores and 2 supporting warehouses. All of which are exceptional and that we’d be proud to have as part of the Tapi family."