Business

Carpetright takes step towards collapse with thousands of UK jobs at risk

One of the UK’s biggest floorings retailers is just one step away from a collapse that would place 1,852 jobs at risk.

Cash-strapped Carpetright confirmed it had filed a notice of intention to appoint administrators.

The loss-making firm said in a statement however that it was still working towards a reprieve.

Parent firm Nestware Holdings stated it was trying to “finalise additional investment to secure Carpetright’s long-term future.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive Breaking News alerts on a smartphone or tablet via the Sky News App. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

Articles You May Like

OpenAI announces content deal with Condé Nast, including content from Wired, The New Yorker and Vogue
Peak train fares to return as pilot scheme scrapped over passenger numbers
Home Office to crack down on people ‘pushing hateful beliefs’
Sweden records first mpox case – as UK prepares after global emergency declared
Friends star Matthew Perry’s last hours before drug overdose revealed in court documents