Axminster Carpets announcement due shortly

An announcement on the future of Axminister Carpets is expected to be made later this afternoon. Union officials are currently on their way to the factory.

More than 300 jobs could be lost, as part of a deal aimed at saving the firm.

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Axminster Carpets rescue deal

A rescue deal has been done to save Axminster Carpets from collapse. A consortium, including Centric Commercial Finance Ltd and led by private investor Stephen Boyd, has taken over the business from administrators.