Overview

• Carpetright's collapse into insolvency led to its acquisition by rival Tapi.
• The deal includes the purchase of 54 stores, two warehouses, and the Carpetright brand.
• Over 200 Carpetright stores will close, resulting in 1,500 job losses.
• Carpetright's head office in Purfleet, Essex, is not part of the acquisition.
• Tapi cites unviable business conditions and significant debt as reasons for limited rescue.