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Laura Ashley heads for insolvency as coronavirus deepens retail woes

Laura Ashley heads for insolvency as coronavirus deepens retail woes

Laura Ashley heads for insolvency as coronavirus deepens retail woes

(Bloomberg)—Laura Ashley Holdings Plc is preparing for insolvency as the coronavirus pandemic erected a new obstacle to the ailing brand’s turnaround. The clothing and furnishings retailer, best known for its floral and paisley designs, intends to appoint administrators, a U.K. procedure similar to Chapter 11 bankruptcy protection, according to a statement on Tuesday. While sales […]

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