Carpetright

Carpetright plc
Public
Traded as LSE: CPR
Industry Retail
Founded 1988
Headquarters Purfleet, Essex
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]
Website www.carpetright.plc.uk
Carpetright, King Street, Hammersmith, London (2016)
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

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

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

  1. 1 2 3 Preliminary Results 2012
  2. 1 2 3 Carpetright History Archived 18 August 2008 at the Wayback Machine.
  3. ↑ Hawkes, Steve (29 May 2008). "Bill Gates piles into Carpetright with 3% stake". The Times. London. Archived from the original on 12 Jun 2011. Retrieved 29 Oct 2016.
  4. ↑ Carpetright snaps up Sleepright
  5. ↑
  6. ↑
  7. ↑ Company overview Archived 11 February 2010 at the Wayback Machine.
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