Carpetright, a prominent British flooring retailer, has sought advice from advisors to explore cost-saving measures amid declining demand and heightened competition. The company has appointed Teneo to investigate various options, potentially including store closures. However, there are currently no plans for a new Company Voluntary Arrangement (CVA), according to a spokesperson. The company is focused on improving performance with the guidance of multiple advisors.
Source: Retailgazette.co
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