Carpetright on brink of administration with 3,000 jobs at risk

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Carpetright on brink of administration with 3,000 jobs at risk
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This development follows revelations earlier this week that Carpetright had been put up for sale

Carpetright is on the verge of administration with all 272 of its stores and up to 3,000 jobs in jeopardy. The prominent carpet and tiling retailer has filed a notice to appoint administrators PricewaterhouseCoopers as it seeks to secure the company's long-term future.

PwC had already been working with the retailer to secure more funding needed to keep trading. The decision comes after a software attack in April that disrupted trade and increased financial pressures on the company.Hackers targeted the company headquarters in Purfleet, Essex, sending malware to gain unauthorised access. Carpetright's network was taken offline due to the attack but bosses insisted that the virus was isolated before any data was exposed.

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United Kingdom Latest News, United Kingdom Headlines

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