Since July 2024, the retailer has been a division of Tapi Carpets which purchased the Carpetright brand, intellectual property, and some locations from administration proceedings for £3.7 million.

[2] The company was established by Lord Philip Harris in 1988 when he opened its first shop in Canning Town.

[14] According to Carpetright, the rescue deal will help the company complete a turnaround plan in the “very challenging consumer market”.

[14] Carpetright announced the departure of chairman Bob Ivell in January 2020, as the store returned to private ownership after more than 26 years.

[18] The firm was purchased in the same month by Tapi Carpets, in a pre-packaged insolvency deal, a transaction that is often associated with the new company shedding its commitments to staff and creditors.

The business outside the UK and Ireland (which would be kept by Nestware Holdings), 218 stores and the company's headquarters in Purfleet would not be part of the deal, affecting more than 1,000 jobs.