Allied to sell Carpetland for pounds 14m

Monday 16 November 1998 01:02 GMT

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ALLIED CARPETS, the beleaguered warehouse group, is today expected to announce the sale of Carpetland, its poorest-performing subsidiary, to rival Carpetright for pounds 14m. Allied put itself up for sale in September and has held a number of meetings with potential buyers.

The Carpetland deal is not expected to run into monopoly concerns. The rest of Allied's operations look set to continue under the existing management following the reported collapse of talks with entrepreneur Luke Johnson and investment group Alchemy Partners.

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Allied to sell Carpetland for pounds 14m

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