More than a week ago it emerged that Carpetright was close to collapse and was set to appoint PwC as an administrator while it scrambled to find extra funding.
On Monday, Mr Karir said that Carpetright had been loss-making and in debt.
In a statement, Tapi said it was “desperately sad” not to have been able to save more of the business.
“However, as we looked into the details of the situation, we quickly established that saving the entire business was unviable,” it said.
Tapi said that it believed it was the only offer, however, that would have saved “a large number of roles” and the rescue would allow the business to expand into a number of different areas across the UK.
Kevin Barrett, chief executive of Carpetright parent firm Nestware Holdings, said its focus for the past week has been looking for extra investment to shore up jobs.
“Whilst we succeeded in finding a buyer, the deal is limited to a select number of stores rather than the business as a whole and will sadly impact a large number of colleagues and staff,” he said.
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