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Allied Carpets sold to private investors

Published: 16 March 2011
Allied Carpets has been sold by retail restructuring firm Hilco to a group of private investors, according to a report in The Independent.
Savana Trading is said to have acquired 26 of the retailer's 30 stores. Restructuring specialist Leonard Curtis is overseeing the closure of the remaining four outlets.

Both Hilco and Allied Carpets declined to comment.

Comments

Published prior to March 2014
By STUART
i belive one of the largest backers of the new owners to be john kitching the former director at carpet right watch this space phill harris leaving carpet right and bringing allieds back from the dead
Published prior to March 2014
By George
Since their restructuring began back in 2009 they have continually juggled their trading names as a way of losing creditors, particularely landlords but also suppliers. They owe my business money and the this morning the NEW company "Allied Flooring Supplies Ltd" had the audacity to send us a Pro Forma agreement so we couldn't use any monies paid by them from their new trading company to clear the debts they have with us from their previous trading company. It's legal, but it shouldn't be. I will not be trading with them again and I would strongly advise other businesses to do likewise. They think they are so big that we will just suck it up and be grateful that they give us their business. Who needs it? We don't!! There are lots of reputable businesses out their to sell to and for the public to buy from.
Published prior to March 2014
By mike
There are in fact 37 stores at present of which 15 are closeing 22 have been bought by savava.I believe savana is yet another part of the Hilco group.Previous name used by tham was Sigma capital investments.Is this all to avoid paying proper payments to staff and landlords.

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