Carpetright eyes Dreams

FLOOR covering retailer Carpetright is understood to be one of a number of bidders circling beleaguered bed maker Dreams.

Accountancy firm Ernst & Young has been hired to handle the sale process for the bed retailer, which was put up for sale before Christmas by main lender Royal Bank of Scotland.

Private equity firm Exponent bought Dreams – which was founded by Mike Clare – back in 2008 for £222m.