A deal has been reached to save Axminster Carpets.
The company - which employed 400 people on two sites - went into administration a month ago.
Since then talks have been held with a number of interested parties and it's understood that last night an agreement was finalised with one of them.
Home buyers facing years without proper roads
River protection bid in East Devon
Plans for North Devon Lidl submitted
Exeter woman missing since Monday
10,000 homes powered by Cornwall’s heat
Cockington visitor centre sold
