Rescue deals have been struck to save 23 former CTD Tiles stores after the supplier went bust last month.
CTD Tiles tumbled into administration in August after coming under pressure from a downturn in the home improvement sector.
It ran 86 stores across the UK and employed 425 staff before its collapse.
Administrators swiftly struck a deal for rival Topps Tiles to buy 30 stores, CTD’s brands, intellectual property, stock and two distribution sites for £9 million.
However, 56 stores were shut and 268 jobs at the business were lost.
READ MORE: Famous 1900 electricity generating works building for sale
On Wednesday, the administrators at Interpath Advisory confirmed they have secured two further deals which will allow 23 former CTD stores in the UK to reopen.
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 - including stores in Dundee and Stirling.
Separately, 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.
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.”
Matt Williams, chief executive of Stiled, said: “We are delighted to reopen these stores that had been closed.
“Our focus will be working to establish these locations as Tile Giant and Tile Choice stores with new colleagues to provide market-leading tile ranges.”
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.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here