A Chester tiles shop will be able to reopen thanks to a successful rescue deal.
Previously we reported CTD Tiles, one of the UK's biggest tile suppliers, had shut 56 of its stores after falling into administration. The closures included its site in Hartford Way, off Bumpers Lane.
Administrators added 268 workers were made redundant after the company collapsed, following a downturn in the home improvement sector.
But this week it has been revealed several more stores have been saved in two separate rescue deals.
Kajaria-UKP Limited, a UK joint venture with New Delhi-based tile manufacturer Kajaria Ceramics, agreed to save seven stores and take on associated stock. The seven stores includes the Chester site.
Stiled Limited, which owns the Tile Giant and Tile Choice brands and operates 49 stores across the UK, is to take on 16 former CTD Tiles stores and associated stock.
James Lumb, managing director at Interpath and joint administrator, said: “We are pleased to have reached these agreements which pave the way for a further 23 stores to reopen under new ownership, and which we hope will create a significant number of new employment opportunities for those former workers who were impacted by redundancy, as well as others in the local communities.
“We’d like to thank all those stakeholders who have helped to get these agreements over the line in such a short timeframe, and wish both Stiled and Kajaria-UKP all the very best of luck for the future.”
Viren Mundra, chief executive of Kajaria-UKP, said: “Kajaria is the seventh largest tile producer in the world, selling premium tiles in over 35 countries.
“We opened the UK’s largest tile showroom in London earlier this year.
“This is the next step in our UK expansion and we look forward to serving customers from these seven new locations.”
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