Carpetright takeover on track for first quarter of 2020

Carpetright is reported to have said a majority of shareholders have approved its bid to be taken over by Meditor Holdings, its largest shareholder.

The takover is expected to be completed in the first quarter of 2020.

The retailer said 80 per cent of shareholders had voted in favour of the resolution to approve the sale, which will value Carpetright at £15.2m.

Meditor currently holds a 29.9 per cent stake in Carpetright.


DFS Furniture appoints non-executive director

9 January 2020

The former marketing director of Perth-based energy group SSE has been appointed as a non-executive director at DFS Furniture.

JYSK continues expansion

9 January 2020

JYSK is to open a store in Oldham in March. The group has been breaking sales records in the UK and early last year unveiled expansion plans.

Kitchen retailer launches industry-first mobile app

8 January 2020

Wren Kitchens has launched a ground-breaking mobile app so customers can easily manage the process of purchasing a kitchen every step of the way.

Family business set to close in 2020

8 January 2020

A long-established family business is due to close this year after 40 years.

New lease of life for former furniture store

8 January 2020

A former furniture store on a retail park that has stood empty for man-years is being taken over.