Carpetright Insolvency

On the day that Boots have announced 300 stores are to close, it is now confirmed 20 Carpetright stores in Scotland are set to close despite a rescue deal being hashed out by administrators.

Tapi Carpets & Floors has bought the Carpetright brand name, the company’s intellectual property, two warehouses and 54 stores, saving 308 jobs. However, the remainder of Carpetright’s staff were not included in the deal and will be made redundant either immediately or over the coming weeks.

Carpetright employed more than 1,800 staff before entering into insolvency. It also had 273 shops across the country.

Zelf Hussain, joint administrator, said: “Carpetright has fallen victim to challenges facing many retailers, especially those selling big ticket items. A mixture of factors, including a big reduction in consumer spending due to cost of living pressures, lower home sales and a debilitating cyber attack made it impossible for the business to continue in its current form.”

A statement can be found with further information on the Carpetright website here https://www.carpet-right.co.uk/help/carpetright-update

Photo: Carpetright in East Kilbride.

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