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.
Video shows Co-op ram-raid
Residents devastated by destroyed coastal road
Bad parking blamed for Torquay bus route changes
Thousands of residents call for Tarka Line investment
Delivery driver sacked after dumping Devon parcels
