Carpetright has been saved from collapse through a deal with a rival flooring firm set up by the son of its founder, but at the cost of hundreds of jobs, according to reports.
Tapi is to take over the Carpetright brand, IP, two warehouses, and 54 stores but excludes its head office and another 200 shops across the country.
Jeevan Karir, managing director of Tapi, said that initially, they had wanted to save all of Carpetright, but "quickly established saving the entire business was unviable."
He added that the deal agreed would save around 300 jobs.
Earlier this month Carpetright filed a notice of intention to appoint the PWC as administrator, adding it was looking for a buyer.
According to today’s reports, Tapi’s offer was the only one that involved rescuing both jobs and stores.
Tapi was founded in 2014 by Martin Harris, the son of Carpetright founder Lord Harris of Peckham.
Competition from Tapi, which has opened stores close to Carpetright in many places, was a contributory factor to its problems, said commentators.