Carpetright brand and 54 stores to be bought by rival, saving 300 jobs

Rescue deal with Tapi Carpets and Floors will still result in about 1,000 job losses

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The Carpetright brand and 54 of the flooring retailer's stores are being bought by its rival Tapi Carpets and Floors in a rescue deal that will save 300 jobs.

The multimillion-pound deal, which is expected to be finalised on Monday, does not include Carpetright's head office in Purfleet, Essex, or 220 further shops, and will result in about 1,000 job losses.