Consumer Carpetright: retailer files for administration today, sale explained - are stores near me at risk? By Alex Nelson Published 12th Jul 2024, 12:11 BST Updated 12th Jul 2024, 15:08 BST Comment Watch more of our videos on Shots! and live on Freeview channel 276 Visit Shots! now 1000s of jobs and 100s of stores could be at risk as the retailer files for administration 🏬 Carpetright has filed a notice to appoint administrators, putting 3,000 jobs at risk The Times reported that the company had been put up for sale yesterday (11 July) Advisers at PwC have reportedly concluded there is no viable option for a solvent sale due to declining sales The retailer will continue trading for up to 10 days while seeking a rescue buyer Potential store closures may occur during the sales process, though all stores remain open for now Last month, the company announced plans to cut over 25% of its head office staff to streamline costs Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to The News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more.
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It’s being reported that Carpetright will file a notice to appo.