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Allied Carpets in administration
savemoney
Posts: 18,125 Forumite
Allied Carpets has gone into administration, as the stagnating housing market led to a fall in demand for carpets and flooring.
But 51 of its 217 stores and its insurance business have been sold immediately, saving 400 jobs, administrator BDO Stoy Hayward said.
http://news.bbc.co.uk/1/hi/business/8156111.stm
Sadly wont be the last one
But 51 of its 217 stores and its insurance business have been sold immediately, saving 400 jobs, administrator BDO Stoy Hayward said.
http://news.bbc.co.uk/1/hi/business/8156111.stm
Sadly wont be the last one
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Comments
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Yeah I just saw that. I guess the management or some sort of venture capitalist company have done a pre-pack deal for those 51 stores.
At least all customer orders will be fulfilled.
Bad news for the landlords of the stores though, I guess they won't be seeing much for 166 stores and only a fraction for the 51 stores now sold on.
The same for the supplies as well maybe?I beep for Robins - Beep Beep
& Choo Choo for trains!!0 -
Green tufts?0
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Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Looks like Uncle Bill lost a few pennies, he had a 3% stake in Allied http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/2790723/Bill-Gates-takes-stake-in-UKs-Carpetright.html
I used to have a signature but it disappeared and I just couldn't be bothered writing another, so please feel free to ignore this.0 -
Allied Carpets has gone into administration, as the stagnating housing market led to a fall in demand for carpets and flooring.
But 51 of its 217 stores and its insurance business have been sold immediately, saving 400 jobs, administrator BDO Stoy Hayward said.
http://news.bbc.co.uk/1/hi/business/8156111.stm
Sadly wont be the last one
Another green shoot. :rolleyes:0 -
Lot of peeps being underlayed-off!0
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amcluesent wrote: »Lot of peeps being underlayed-off!
some have been completley carpeted
there was only so long they could keep sweeping all the bad debt under the rugPlease take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
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These job losses will be swept under the carpet by Gordon Brown.0
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This latest economic failure just PILES on the pressure on the Labour government.0
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