Sunday, 27 September, 2020

Laura Ashley blames coronavirus as it heads for administration.

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Having difficulties manner and house retailer Laura Ashley is to appoint administrators soon after remaining strike by the affect of the coronavirus outbreak.

The firm stated the outbreak “has had an fast and major affect on investing”.

It experienced been in talks with its lenders about accessing enough cash to permit it to keep on investing.

But dependent on cashflow forecasts and ongoing virus uncertainty, it claimed it would not get these cash in time.

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