CARPETRIGHT is set to be saved by a rival company - but over 1,000 jobs will still be lost.

Another flooring retailer, Tapi Carpets and Floors, will buy out the company.

Included in the deal is the Carpetright brand, intellectual property, 54 stores and two warehouses. 

Carpetright's parent company, Nestware Holdings, announced they had filed a notice of intention to appoint administrators on Friday, July 12.

This announcement put Carpetright's three stores in Worcester, Evesham and Redditch at risk.

Despite confirmation that Tapi will purchase 54 of the 272 stores, it is unconfirmed which stores will be saved.

Nestware chief executive Kevin Barrett said: "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 our colleagues and staff.

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

Tapi Carpets and Floors currently operates one store in the county, located in the Elgar retail park.

The Carpetright store in Worcester is located in the adjacent Blackpole Retail Park.