HUNDREDS of Carpetright stores are set to close following a takeover deal, with fears that the Llandudno store could be one of them.

The retailer was close to collapse more than a week ago, and filed a notice to appoint administrators earlier this month as it looked for extra funding.

Flooring retailer Tapi has now agreed to buy the Carpetright brand, intellectual property, 54 stores and two warehouses in a pre-pack administration deal.

The deal will also save more than 300 jobs, but will also see the likely closure of more than 200 Carpetright stores - it is not known if the Llandudno store faces the axe.

Carpetright opened its current store at Llandudno's Mostyn Champneys Retail Park in 2022, in a unit the chain shares with Within Bensons for Beds.

Carpetright was previously based in Llandudno, and indeed at Mostyn Champneys, before closing several years prior to reopening.

The company employed 1,852 people and operated 272 stores across the UK before entering insolvency.

Kevin Barrett, chief executive of Carpetright owner Nestware Holdings, told PA: “Our focus over the last week has been to secure external investment to ensure job security for a number of our Carpetright colleagues up and down the country.

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“Whilst we succeeded in finding a buyer, the deal is limited to a select number of stores rather than the business as a whole and will sadly impact a large number of colleagues and staff.

“We have tried everything to turn Carpetright around and I’m truly sorry that we were unable to save more jobs.”

Recently, Carpetright has suffered from weaker demand for carpets as homeowners shifted towards hard flooring as well as a major cyber attack in April which halted trading.

It said earlier this month that the cyber attack’s impact on sales affected efforts by the company to restructure its operations in recent months.

Jeevan Karir, managing director of Tapi, said that initially it had wanted to save all of Carpetright, but it "quickly established saving the entire business was unviable".

Carpetright and Tapi were approached for further comment.