UK's largest flooring retailer, Carpetright, faces potential failure, with 270 stores closing due to declining sales and financial troubles caused by a cyberattack, putting 1,800 jobs at risk.
UK's largest flooring retailer, Carpetright, faces potential failure with 1,800 jobs at risk, and 270 stores may close due to declining sales and financial troubles caused by a cyberattack. The company seeks administrators for cost-cutting measures, exploring potential sale options while seeking temporary legal protection. Possible outcomes include a pre-pack agreement or corporate voluntary arrangement.
July 12, 2024
7 Articles