Belfast Telegraph

Carpetright workers wait on vote over shop closures

By Staff Reporter

Creditors to stricken retailer Carpetright have been voting on a radical store closure programme which will decide the fate of 300 workers.

Carpetright has earmarked 81 stores for closure as part of a Company Voluntary Arrangement (CVA), which allows firms to shut loss-making outlets and secure rent reductions.

Stores in Northern Ireland expected to close by the end of September are located in Ballymena, Bangor, Newtownabbey, Coleraine and Londonderry.

Earlier this month, the chain said 92 sites were in the firing line, although 11 have already stopped trading, with rent on another 113 set to be slashed as part of the restructure.

The retailer has been hit by poor trading and is in "technical breach" of its banking arrangements, but the group said it was taking action to address this and ensure it is amended in future.

Belfast Telegraph

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