Laura Ashley enters administration as coronavirus blocks rescue talks – 2700 jobs at risk

Laura Ashley enters administration as coronavirus blocks rescue talks – 2700 jobs at risk

The company has not confirmed what will happen to members of staff.

Salman Haqqi, personal finance expert at money.co.uk, explained staff will need to check their redundancy rights.

He said: “After many months of speculation the fears of Laura Ashley’s UK staff and loyal customers have been confirmed, as administrators have been instructed to take over the business.

“It’s sad but not surprising news, as we know they are one of the many household high street brands that have struggled to make ends meet in the current retail climate.

“Clearly COVID-19 has had a role to play here too, with potential customers worried about going out and doing non-essential shopping – the fashion and homeware chain has even said it has filed for administration after rescue talks were thwarted by the coronavirus pandemic.

Published at Tue, 17 Mar 2020 11:08:00 +0000