Buzz People

Laura Ashley to shut half its shops as seeks buyer

Furniture and fashion chain Laura Ashley has collapsed into administration as the coronavirus outbreak continues to put pressure on retailers.
The firm is to close almost half of its 147 UK stores, putting as many as 721 jobs at risk.
But 77 shops will remain open as the business tries to find a buyer.
Last week, Laura Ashley warned it would be forced to call in the administrators as it struggled to borrow more money.
The firm said the coronavirus outbreak "had an immediate and significant impact https://www.bbc.co.uk/news/business-52007345
Register Now