Laura Ashley has announced the permanent closure of 70 stores, with 721 employees set to lose their jobs. However, Laura Ashley is one of the first to announce permanent closures after the virus exacerbated a recent downturn in profitability. Laura Ashley added that it expects to enter administration later on Monday after appointing advisers from PwC to oversee the process. 'The vision also included reconnecting with our traditional values and our strong British heritage and focusing on developing Laura Ashley as a lifestyle brand. Laura Ashley with her Husband Bernard in Sloane Square, November 1981.

Source: Daily Mail March 23, 2020 10:35 UTC