Carpetright

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Carpetright plc
Public
Traded as LSECPR
Industry Retail
Founded 1988
Number of locations
470 (2015)
Key people
Bob Ivell, (Chairman)
Wilf Walsh, (Chief Executive)
Products Carpets
Revenue £471.5 million (2012)[1]
£8.0 million (2012)[1]
£11.0 million (2012)[1]
Owner Cascade Investment (3%)
Website www.carpetright.plc.uk
Carpetright, Craigavon, Northern Ireland (2009)

Carpetright plc is one of the largest British retailers of floor coverings. The company is listed on the London Stock Exchange.

History[edit]

The company was established by Lord Harris of Peckham in 1988, when he opened the first store in Canning Town.[2] In 1993, it was first listed on the London Stock Exchange. In January 1999, it bought selected Carpetland stores and Allied Carpets stores.[2] In August 2002, it acquired its first operations in Continental Europe, and in August 2005, it acquired May's World of Carpets.[2]

In May 2008, Cascade Investments LLC, Bill Gates's investment vehicle, acquired a 3% stake in the company.[3] In December 2008, the company acquired some stores, once associated with Sleepright UK.[4]

Carpetright, Leeds (2009)

In June 2011, Carpetright announced store closure plans.[5] In December 2012, it was announced the store closures saw profits leap 550%.[6]

Operations[edit]

The company now has circa 703 stores.[7] It has expanded into Belgium, the Netherlands and the Republic of Ireland. Its products include a wide variety of beds, mattresses, carpets, laminate flooring, vinyl flooring and rugs.

References[edit]

External links[edit]