Carpetright rescued but over 1,000 jobs are at risk

Carpetright has been saved from collapse by rival flooring retailer Tapi but hundreds of its shops are expected to close, putting at least 1,000 jobs at risk.

Tapi Carpets & Floors is set to buy the Carpetright brand name, the company's intellectual property, two warehouses and 54 stores.

But it will not include Carpetright's head office or more than 200 shops across the country.

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".

He said that the deal agreed would save around 300 jobs.