Customers were now reluctant to pay pounds 40 or pounds 50 a square yard for a heavily patterned Axminster
All the company's 400 manufacturing and office staff are based in the Devon town of Axminster
, where Thomas Whitty began making carpets in 1755.
Ceasing production of Axminster
after more than 50 years would enable the firm to focus on its profitable Tufted and specialist Wilton weaving businesses, which generate 95pc of sales.
Investment in high speed Axminster
loom technology and underlay equipment will continue at a cost of pounds 600,000.
Hughes will oversee all aspects of design for area rugs and broadloom products, including Axminster
and Wilton woven, specialty tufted and handmade.
He has been working for Victoria Carpets in Kidderminster since 1952 and is now weaving manager of the Axminster
carpet weaving shed.
Leekes Carpet Studio showcases ranges from Brintons, Axminster
, Victoria, Adam, Casa and more and for a limited period only, enjoy HALF PRICE underlay with carpet orders over pounds 250.
Officers were called to the junction of Tollington Way and Axminster
Road in Islington, north London, at about 8.
Presto shinko finished powerfully in defeat at Windsor last time but he can make amends and register his first win of the season in the Listed Axminster
Carpets Cathedral Stakes at Salisbury tomorrow.
DAVID CROSSE and Tom O'Brien have been banned for 10 days apiece after taking the wrong course in the Axminster
Carpets Devon Marathon Handicap at Exeter.
Last year the 78-year-old, from Axminster
, confronted pensions' minister Malcolm Wicks in Exeter, when he led a mock funeral procession of around 70 elderly people protesting at pension levels and council tax.
Saturday: Lingfield, Axminster
Carpets Juvenile Conditions Stakes (2yo, 5f)