Skip navigation

Gloucestershire Business News

Prestigious carpet firm faces administration for a second time

High-end carpet brand, Axminster, is in rescue talks with potential buyers.

The brand which dates back to 1755 and is sold in stores across Gloucestershire, including John Lewis in Cheltenham, has administrators Duff and Phelps on standby, as reported by the BBC.

The company first went into administration in 2013 and was bought out by a consortium led by the private investor Stephen Boyd, with a controlling stake in the brand bought by a wool supplier in 2016.

Now up to 90 jobs could be at risk in Devon if the company enters administration for a second time. Saving the firm is important to the local town of Axminster, after it previously lost 300 of 400 jobs in 2013.

The first Axminster carpets were bought by royalty, including King George III and Queen Charlotte. Its products are now fitted at Clarence House, the Brighton Pavilion, Twickenham Stadium and many other high profile buildings.

Related Articles

Car parts maker could invest £3m and create 40 jobs Image

Car parts maker could invest £3m and create 40 jobs

An industry-leading multi-national is poised to make a multi-million pound investment in Gloucester and create 40 new jobs in the motor industry.

Gloucester Quays store helps Hotel Chocolat revenues rise by £11million Image

Gloucester Quays store helps Hotel Chocolat revenues rise by £11million

New store openings – including a showpiece store in Gloucester Quays – have helped Hotel Chocolat record a significant jump in half-year revenues.

First murder trial at Gloucester Crown Court since formation in 1972 gets underway Image

First murder trial at Gloucester Crown Court since formation in 1972 gets underway

Esam Dawood is standing trial after being accused of stabbing Omar Rashid on Barton Street in Gloucester on the August Bank Holiday Monday in 2019.

Bakery on the right tracks with free-from snacks launch Image

Bakery on the right tracks with free-from snacks launch

A Gloucestershire bakery has launched vegan and gluten-free treats onto Great Western Railway trains.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.