Axminster Carpets files for administration
Axminister Carpets filed for administration on Wednesday, prompting talks about the future of the business.
The 258-year-old company currently employs 400 people and is one of the largest private employers in Devon.
Axminster said it would continue to trade and is seeking “various rescue options”.
The company filed its intention to appoint David Whitehouse, Geoff Bouchier and Benjamin Wiles from Duff & Phelps as joint administrators this week.