A Banbury carpet store is one of 213 to close after struggling chain is bought

Watch more of our videos on ShotsTV.com 
and on Freeview 262 or Freely 565
Visit Shots! now
Banbury carpet store, Carpetright, is to close. It is one of 213 to be shut after the buy-out of the struggling chain by a competitor.

Only a fraction of its nationwide stores, which include shops from Aberdeen to Hastings, will stay open. The Rugby, Oxford and Milton Keynes branches will also close.

Carpetright has been bought in a rescue deal by rival Tapi. The closures will result in the loss of more than 1,000 jobs.

Hide Ad
Hide Ad

It was announced yesterday (Monday) 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. However, the deal will not save the majority of the business, including its head office in Purfleet, Essex.

The Carpetright store in Banbury Cross Retail Park is to closeThe Carpetright store in Banbury Cross Retail Park is to close
The Carpetright store in Banbury Cross Retail Park is to close

Carpetright went into administration earlier in the month, appointing PwC accounting giant to handle matters. It was reported that the administrators believed there was no option for a solvent sale because trade was declining.

News you can trust since 1838
Follow us
©National World Publishing Ltd. All rights reserved.Cookie SettingsTerms and ConditionsPrivacy notice