Axminster Carpets factory
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Axminster Carpets: Consortium saves Devon firm and 100 jobs

6 April 2013 Last updated at 16:43 BST

Axminster Carpets will begin trading again on Monday after a deal was made to save the company and secure about 100 jobs.

A consortium, led by private investor Stephen Boyd, acquired the business "as a going concern" from the administrators Duff and Phelps.

The firm went into administration on February with the loss of 300 jobs.

Adam Parsons reports