Nestware Holdings
This section covers Nestware Holdings’ activities within the UK retail and flooring sector. Reporting focuses on its portfolio management, including the acquisition of brands such as Carpet and Flooring, Keswick Flooring, Flooring Megastore, and UK Flooring Direct. Coverage also examines strategic decisions, such as the sale of 54 Carpetright stores and intellectual property to Tapi Group following Carpetright’s administration, and the asset management of former Carpetright retail sites. The content provides retail professionals with insights into Nestware Holdings’ investment strategies, brand development, and impact on the UK flooring retail landscape.
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Aug- 2024 -12 AugustDIY
The Floor Room falls into administration, 201 jobs lost
The Floor Room, a sister company of Carpetright, has fallen into administration, causing a total of 201 redundancies across its operations. Administrators at PwC were brought in last Friday (9 August) and closed the retailer’s 34 John Lewis concessions, one stand-alone store in London, and its online operation “with immediate…
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May- 2024 -8 MayDIY
Carpetright announces restructuring, 70 jobs at risk
Carpetright has announced restructuring plans across a number of departments to “better support regional stores and digital plans”. A staff reduction of just over 25% will affect the company’s central support centre and field management teams leading to approximately 70 job losses. The company stated that this reduction in central…
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Jul- 2023 -6 JulyOnline & Digital
Nestware Holdings acquires UK Flooring Direct
Keswick Flooring, a subsidiary of Nestware Holdings, has announced the acquisition of UK Flooring Direct (UKFD) for an undisclosed sum. Teneo Financial Advisory acted as the lead advisor on the sale of UKFD to Keswick Flooring. Founded in 2005, UKFD is one of the UK’s leading online retailers of real…
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Mar- 2021 -31 MarchHigh Street
Carpetright owner acquires Carpet and Flooring
Nestware Holdings Limited (NHL) has announced it has acquired Carpet and Flooring (C&F) for an undisclosed sum. NFL, which is part of Meditor Holdings Limited also owns a number of flooring businesses including Carpetright and FlooringSupplies.co.uk, an ecommerce flooring business. C&F was established in 1992, it distributes floor covering products…
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