Carpetright saved from collapse but over 200 stores set to close 'in coming days' - full list of locations
PA
The deal will also save more than 300 current jobs at Carpetright
Carpetright is set to be been saved from administration by rival flooring retailer Tapi, who put forward a multi-million-pound rescue deal.
However, despite the deal, 200 shops are still expected to close.
Tapi Carpets & Floors is expected to buy the Carpetright brand name alongside 54 stores and two warehouses in a deal to save the company from collapse - but the deal will not save the majority of the business.
The deal will save over 300 jobs but does not include its head office or 200 other stores, resulting in around 1,000 job losses.
The high street retailer currently has 272 stores and employs 1,852 people in the UK.
Jeevan Karir, managing director of Tapi, said that initially, it had wanted to save all of Carpetright, but it "quickly established saving the entire business was unviable".
The high street retailer currently has 272 stores and employs 1,852 people in the UK.
PACarpetright filed a notice to appoint administrators earlier this month, after struggling in the face of weaker demand and a major cyberattack in April.
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.
PricewaterhouseCoopers (PwC) has been working on finding a buyer.
According to reports, a deal to save the whole business was not possible as Tapi has a large number of dual store locations near Carpetright stores.
A large portion of the store estate was also unprofitable, with the owner of Carpetright funding those losses through additional debt.
On Monday, Karir said that Carpetright had been loss-making and in debt.
In a statement, Tapi said it was "desperately sad" not to have been able to save more of the business.
The retailer said: "However, as we looked into the details of the situation, we quickly established that saving the entire business was unviable."
Tapi said that it believed it was the only offer, however, that would have saved "a large number of roles" and the rescue would allow the business to expand into a number of different areas across the UK.
Tapi was co-founded in 2015 by Lord Harris of Peckham who also founded Carpetright.
The name of the retailer derives from tapis which is the French word for carpet. In 2016, the retailer had 15 stores but now has 175
Kevin Barrett, boss of Nestware Holdings, which owns Carpetright and several other retailers, said its plan to restructure the business was hit by a slump in April because of a cyber-attack.
But it also said customer demand had slowed.
Here is a full list of the 213 stores expected to close over the coming days, as provided by PwC.
Note: Stores written with ‘FV’ initials are based inside Furniture Village stores
– Aberdeen
– Aberdeen – Bridge Of Don
– Aberystwyth
– Abingdon
– Altrincham
– Andover
– Ashford
– Ashington
– Ashton-under-Lyne
– Aylesbury
– Ayr
– Banbury
– Barnstaple
– Barrow-in-Furness
– Bath
– Bedford
– Belfast – Boucher Road
– Belfast – Newtownabbey
– Berwick
– Blackburn
– Blackpool
– Blyth
– Bolton
– Bolton (FV)
– Bracknell
– Braintree
– Brentford
– Bridgend
– Brighton
– Bristol – Cribbs
– Bristol Eagleswood Hub
– Bromley
– Burton upon Trent
– Bury St Edmunds
– Caerphilly
– Cambridge
– Cannock – Orbital
– Canterbury
– Cardiff – Culverhouse Cross
– Cardiff – Newport Road
– Carlisle
– Chadwell Heath
– Chelmsford
– Chelmsford (FV)
– Cheltenham
– Chester
– Christchurch
– Colchester
– Colindale
– Coventry – Alvis
– Crawley
– Crawley (FV)
– Crewe
– Croydon (FV)
– Cwmbran
– Dartford
– Derby
– Devizes
– Dorchester
– Dundee
– Dunfermline
– Dunstable
– Durham
– East Dereham
– East Grinstead
– East Kilbride
– Eastbourne
– Edinburgh – Newcraighall
– Edinburgh – Straiton
– Edmonton
– Elgin
– Enfield (FV)
– Evesham
– Exeter
– Falkirk
– Fareham
– Farnham
– Feltham
– Frome
– Gateshead
– Gerrards Cross
– Gillingham
– Glasgow GWR
– Glastonbury
– Glenrothes
– Gravesend
– Guernsey
– Guildford (FV)
– Guiseley
– Hanley
– Harlow
– Hartlepool
– Harwich
– Hastings
– Havant
– Haverfordwest
– Hazel Grove
– High Wycombe – Bellfield Rd
– Horsham
– Hull – Clough Road
– Hull – St Andrews Quay
– Huntingdon
– Inverness
– Ipswich – Euro
– Irvine
– Isle of Wight
– Jersey
– Keighley
– Kendal
– Kettering
– Kingston (FV)
– Kirkcaldy
– Leeds Birstall (FV)
– Leicester
– Letchworth
– Lincoln
– Liverpool – Aintree
– Livingston
– Llandudno
– Llanidloes – Hafren Furnishers
– London – Beckton
– London – Charlton
– London – Ealing Common
– London – Hammersmith
– London – Old Kent Road
– London – Staples Corner
– London – Streatham
– London – Walworth
– Lowestoft
– Manchester – Trafford Park
– Manchester (FV)
– Market Harborough
– Merthyr Tydfil
– Milton Keynes
– Newhaven
– Newport
– Newton Abbot
– Northallerton (within Barkers)
– Northampton
– Northampton (FV)
– Norwich – Sweet Briar
– Nottingham – Arnold
– Nottingham – Castle Meadow
– Nuneaton
– Oldbury
– Orpington
– Oswestry
– Oxford
– Oxford 2
– Paisley
– Perth
– Poole – Wessex Gate
– Portsmouth
– Preston
– Rayleigh
– Reading – Reading Gate
– Redditch
– Reigate
– Rochdale
– Romford – Gallows Corner
– Romford – Rom Valley
– Rugby
– Salisbury
– Sevenoaks
– Sheffield – Atkinsons Dept
– Sheffield – Drakehouse
– Sheffield – Meadowhall
– Shrewsbury
– Sittingbourne
– Slough
– Solihull
– South Ruislip
– Southampton – Nursling
– Southend
– Staines
– Stamford
– Stevenage
– Stirling
– Stockton Storeys
– Sudbury
– Sutton
– Swansea – Llansamlet
– Tamworth
– Taunton
– Telford (FV)
– Thetford
– Tonbridge
– Torquay
– Tunbridge Wells
– Uddingston
– Wakefield
– Wallasey
– Walton-on-Thames
– Warrington – Alban
– Warrington – Pinners Brow
– Washington Hub
– Waterlooville
– Watford
– Wednesbury (FV)
– Wellingborough
– Welwyn Garden City
– West Drayton
– West Thurrock
– Whitehaven
– Winchester
– Wisbech
– Wokingham
– Wolverhampton
– Worcester
– Worksop
– Wrexham
– York – Clifton Moor
– York (FV)