Carpetright

2024 - 7 - 23

Carpetright Takes a Dive: 1500 Jobs Gone but Tapi to the Rescue!

Carpetright - Company Restructuring - Flooring Market - Job Losses - Pre-Pack Administration - Retail Administration - Tapi

In a surprising turn of events, Carpetright's saga ends with Tapi stepping up to save face – and a few stores!

In a dramatic twist in the world of flooring retail, Carpetright has announced the unfortunate closure of a staggering 1500 jobs despite a reported rescue deal with rival firm Tapi. After a long-standing presence in the market, administrators at PwC have stated that only 54 out of 273 stores will be saved in this move, raising eyebrows and questions about the sustainability of such transitions in retail.

Carpetright has been a household name in the UK for decades, but with changing consumer preferences and the rise of online shopping, the brand struggled to keep its footing. The deal struck with Tapi is a lifeline, allowing the Flooring giant to expand its reach to new areas, but the sheer number of closures is a hard pill to swallow for many. While Carpetright may be losing its storefronts, the effort by Tapi could mean a new beginning and a fresh start for the company that has its roots tied to the Carpetright founder's family.

Tapi’s acquisition not only includes the brand and its intellectual property but also two warehouses and, most importantly, those 54 stores that will remain operational. A pre-pack administration deal like this is not uncommon in the industry, however, it raises questions about the future prospects of Carpetright's identity and legacy amidst ongoing retail challenges.

As the dust settles on this significant change, former Carpetright employees are left with uncertainty while Tapi embarks on this new venture. The situation highlights the harsh realities of modern retail, where survival of the fittest is an ongoing theme, and success hinges on adaptability and innovation in a fast-paced market.

Interestingly, Carpetright has roots dating back to 1980, starting as a small seller of carpet tiles. With this closure, it begs the question — will Tapi manage to flip the script and usher in a new era of success, or will it be merely picking the splinters from Carpetright's demise? In related trivia, Tapi was founded by the son of Carpetright's original founder, symbolizing a twist of fate as it steps in to claim a portion of the legacy that once was Carpetright!

As you ponder over these developments, consider this: the retail landscape is changing faster than you can say ‘flooring specialist’, and the recent shifts may indicate the future direction of not just flooring, but the entire retail industry. Let this serve as a reminder — adapt or go extinct!

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Image courtesy of "BBC News"

Carpetright: More than 1500 jobs go despite rescue deal (BBC News)

The jobs are being lost despite a deal with rival flooring firm Tapi that will save 54 shops.

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Image courtesy of "Financial Times"

Most of Carpetright shops to close with loss of almost 1600 jobs (Financial Times)

Only 54 of 273 stores being bought by rival Tapi, say administrators at PwC.

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Image courtesy of "The Guardian"

Carpetright rival buys 54 shops in rescue deal but more than 1500 ... (The Guardian)

Tapi, set up by son of Carpetright's founder, says acquisition will enable it to expand to new areas.

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Image courtesy of "Retail Gazette"

Carpetright rival Tapi to snap up chain in pre-pack deal today ... (Retail Gazette)

Carpetright rival Tapi has struck a multimillion-pound deal to rescue the flooring specialist's brand and a number of stores from administration.

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Image courtesy of "The Independent"

Carpetright: Full list of store closures following administration (The Independent)

Tapi had agreed to buy 54 Carpetright stores, two warehouses, the brand and its intellectual property in a pre-pack administration deal.

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Image courtesy of "Sky News"

Carpetright's future secured but at least 1000 jobs lost (Sky News)

Rival floorings retailer Tapi has confirmed it is buying just 54 of 272 stores and two warehouses in a so-called pre-pack administration that allows a buyer ...

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Image courtesy of "Hampshire Chronicle"

Carpetright stores, including Winchester, set to close in deal (Hampshire Chronicle)

Flooring retailer Tapi has agreed to buy the Carpetright brand, intellectual property, 54 stores and two warehouses in a pre-pack administration…

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Image courtesy of "Mirror.co.uk"

Carpetright to shut more than 200 stores with more than 1500 jobs ... (Mirror.co.uk)

Fellow flooring retailer Tapi is set to buy the Carpetright brand, intellectual property, 54 stores and two warehouses, in a pre-pack administration deal.

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Image courtesy of "Insider Media"

Deal agreed for Carpetright but more than 1000 jobs lost (Insider Media)

A sale has been agreed for 54 Carpetright stores and two logistics hubs following the appointment of administrators to the retailer.

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Image courtesy of "City A.M."

Carpetright: Rival Tapi rescues brand as 1500 jobs lost (City A.M.)

Carpetright has been rescued out of administration but more than 1,500 jobs have been lost, it has been confirmed. The major carpet and tiling retailer, ...

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Image courtesy of "The Courier"

Jobs lost as 6 Carpetright shops closing in Tayside, Fife and Stirling (The Courier)

The Carpetright stores in Dundee, Perth, Glenrothes, Kirkcaldy, Dunfermline and Stirling are closing despite a rescue deal for the firm.

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Image courtesy of "Salisbury Journal"

Salisbury Carpetright to close as business taken on by Tapi (Salisbury Journal)

As of Monday, July 22, 2024, Tapi Carpets and Floors Limited has taken on 54 Carpetright stores across the UK, two warehouses, the brand and its intellectual ...

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Image courtesy of "Altrincham Today"

Long-standing Carpetright store at Altrincham Retail Park to close (Altrincham Today)

Now rival flooring retailer Tapi has bought the Carpetright brand name, the company's intellectual property, two warehouses and 54 stores, saving 308 jobs. But ...

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Image courtesy of "GOV.UK"

Carpetright Ltd in administration: information for employees and ... (GOV.UK)

Zelf Hussain, Rachael Wilkinson, and Peter Dickens from PriceWaterhouseCooper (PwC) were appointed as joint administrators. On appointment, the joint ...

Travers Smith advises Carpetright and its administrators on its sale ... (Travers Smith)

Travers Smith LLP has advised established carpet and flooring retailer Carpetright and its administrators on the pre-pack administration sale of its ...

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Image courtesy of "Press and Journal"

Carpetright shops in Aberdeen and Elgin to shut as firm collapses (Press and Journal)

All three Carpetright stores across the north and north-east will close over the coming days with all staff losing their jobs.

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Image courtesy of "Hemel Today"

Hemel Hempstead Carpetright store saved but over 1000 UK jobs ... (Hemel Today)

Hemel Hempstead's Carpetright store is one of a few dozen shops that have been saved in a deal announced yesterday (22 July).

Job losses as Rochdale Carpetright closes (Rochdale Online)

Rochdale's Carpetright store has closed, resulting in job losses for its staff, following the company's entry into...

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Image courtesy of "Harborough FM"

Carpetright To Close After Retailer Collapses (Harborough FM)

Administrators PwC have announced the stores will close 'with immediate effect'. Rival flooring retailer Tapi has agreed to buy over 50 Carpetright stores, but ...

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Image courtesy of "Retail Gazette"

Carpetright: Full list of shop closures revealed after Tapi rescue ... (Retail Gazette)

The full list of Carpetright stores being closed has been revealed, after Tapi Carpets confirmed it had snapped up a host of its rival's stores yesterday ...

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Image courtesy of "BBC News"

Carpetright collapse: 'I spent £680 and can't get a refund' (BBC News)

While rival retailer Tapi has rescued 54 stores, it says it won't fulfil outstanding customer orders at shops that have shut, nor will it rehire the around ...

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Image courtesy of "BBC News"

Carpetright collapse: 'I spent £680 and can't get a refund' (BBC News)

Some customers may not get refunds after more than 200 Carpetright shops shut yesterday.

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Image courtesy of "The Wiltshire Gazette and Herald"

Full list of Carpetright stores closing after administration (The Wiltshire Gazette and Herald)

Carpetright has announced that Tapi has agreed to buy 54 stores however 213 stores will close and more than 1000 jobs will be lost.

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Image courtesy of "BBC News"

Carpetright: More than 1500 jobs go despite rescue deal (BBC News)

The jobs are being lost despite a deal with rival flooring firm Tapi that will save 54 shops.

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