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.
Arrest made after body found in Plymouth waters
Teenager questioned on suspicion of murder
Clear-up begins after Storm Ingrid
Strong winds and rain batter Devon
Car park hike at beauty spot will impact residents
Council slammed for penalising locals
East Devon town faces yet another delay
Community hub in Cranbrook has suffered delays
Rail in North Devon needs to be “fit-for-purpose”
Urgent improvements needed
Storm Ingrid causes disruption across Devon
Yellow warning for rain until 22.00
