Carpetright plc (LSE: CPR) is one of the largest British retailers of floor coverings. It was founded by Philip Harris, now Lord Harris, a Sunday Times Rich List member and prominent supporter of the Conservative Party, who had founded other businesses previously. It opened its first store in 1988 and now has over 400 in the United Kingdom. It has also expanded into Belgium, the Netherlands and the Republic of Ireland. It floated on the London Stock Exchange in 1993 and in 1999 it bought the Carpetland stores. Since around the turn of the century it has broadened its range of in response to the fashion for wooden and laminate floors. It acquired its first operations in Continental Europe in 2002. Turnover for the 52 weeks to 30 April 2005 was £462 million. The Source by Greyworld, in the new LSE building Paternoster Square. ... Philip Charles Harris, Baron Harris of Peckham (born 15 September 1942) is a Conservative member of the House of Lords and businessman. ... The Sunday Times Rich List is a list of the 1,000 most wealthy people or families in the United Kingdom of Great Britain and Northern Ireland, updated annually in April and published by British national Sunday newspaper The Sunday Times since 1989. ... This article or section does not cite its references or sources. ... 1988 (MCMLXXXVIII) was a leap year starting on Friday of the Gregorian calendar. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. ...
Carpetright is planning to expand its chain of 364 carpet stores in the UK and Ireland to 450 by 2009.
Carpetright is acquiring a 50% stake in Carpetland, the operator of 92 stores in Belgium, Luxembourg and the Netherlands, for £10m.
Carpetright is planning to open a further 14 carpet stores in the second half of its financial year as part of an expansion that will result in a national chain of 300 stores.