Laura Ashley goes in administration after coronavirus has ‘significant impact on trading’
Fashion and furniture chain Laura Ashley has plunged into administration.
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The retailer, which has a store in the Bretton Centre, in Peterborough, said the coronavirus crisis had made a ‘significant impact on trading’.
The announcement comes only days after it was reported that the company - which operates more than 150 British stores and has 2,700 employees - was seeking a £15 million emergency loan by the end of the month, without which it was feared the chain would collapse.