Stiled Limited to reopen 23 CTD Tiles stores across the UK

CTD Tiles, a supplier operating 86 stores across the UK, went into administration in August due to challenges in the home improvement sector, resulting in the loss of 268 jobs. Following this collapse, administrators from Interpath Advisory facilitated the sale of 30 stores to rival Topps Tiles for £9 million. In a significant development, two additional deals were secured to reopen 23 former CTD stores under new ownership. Stiled Limited, which owns Tile Giant and Tile Choice, will take over 16 of these locations, while Kajaria-UKP Limited will save seven stores. The reopening of these stores is expected to create new employment opportunities for former CTD employees and local communities affected by the closures. Stiled's CEO expressed enthusiasm about reestablishing the stores as Tile Giant and Tile Choice locations, focusing on providing a wide range of tile products. Kajaria-UKP, a joint venture with a major tile manufacturer, is also looking to expand its presence in the UK market through the acquisition of the seven stores. The swift action taken by the administrators and the interest from rival companies highlights the competitive nature of the tile retail market in the UK. The deals not only aim to preserve jobs but also to maintain a level of service and product availability for customers in the affected areas. Overall, the successful negotiations for these 23 stores mark a positive turn of events following the unfortunate collapse of CTD Tiles, demonstrating resilience in the retail sector amidst economic challenges.