Five Carpetright stores across south London are now permanently closed after the popular store fell into administration.
Carpetright entered administration on Monday, July 22, with PwC appointed to oversee the process.
The administrator said the business had faced "challenging trading conditions, predominantly due to changing consumer preferences and a drop in home improvement spending post-pandemic".
Tapi Carpets and Floors Limited has rescued the Carpetright brand, IP and 54 stores following the administration of Carpetright Limited.
This will save the jobs of 308 people, whilst enabling Tapi to expand into several areas they do not currently serve.
Despite this, more than 200 Carpetright stores across the UK have now closed.
List of Carpetright stores now permanently closed in south London:
- Bromley
- Croydon (within Furniture Village)
- Dartford
- Streatham
- Sutton
The south London stores acquired by Tapi are:
- Clapham Common
- Croydon (Purley Way)
- New Malden
- Teddington
- Wimbledon
Any UK-based Carpetright stores NOT on the list reopened on Friday, July 26.
Tapi says these will continue to use the Carpetright brand for the foreseeable future.
To support employees facing redundancy, Tapi funded a service through Clarity Recruiting 48 hours before the administration.
This service offers free employment workshops on CV preparation, interview skills, and job search strategies.
A business update stated on Carpetright website says: “We are desperately sad not to have been able to save more of the business and customer orders.
“However, as we looked into the details of the situation, we quickly established that saving the entire business was unviable.
“Carpetright has been materially loss making for a number of years, and it has significant debt held by the owner.
“We believe that we were the only offer that the administrator received that saved a large number of roles.
“We were also mindful of how the Competition and Markets Authority (CMA) may view a larger deal.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here