Axminster, founded in 1755, is a famous carpet manufacturer in Britain. Luxurious carpets produced by Axminster have been decorated with luxurious old houses and palaces in Britain since18th century, and are favored by the royal family. In modern times, the company's carpets have entered the market, including John? Commercial street retail stores including Lewis and Carpetright. At present, the company has about 400 employees.
The company said that it will consider all possible restructuring plans and will continue its normal operations during this period. Joshua, head of the company? Duffield said: "The operation has been difficult, and the management has been working with major suppliers, creditors and banks to try to solve the company's financial difficulties."
The company said that it plans to designate Dove Scale (Duff? & amp？ Phelps) is the bankruptcy administrator.
Due to weak wage growth and the government's austerity measures, British consumers are forced to tighten their spending. In recent months, many well-known companies have announced that they have entered the bankruptcy custody procedure, including music retail giant HMV, DVD rental company Blockbuster, Britain's largest camera chain store, fashion retailer Republic and so on.
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