Laura Ashley shutters stores

laura ashleyAdministrators for the embattled home furnishing retailer, Laura Ashley, have confirmed the closure of 12 stores as they work to sell the business as a going concern.

Administrators from FTI Consulting were appointed on January 7 to restructure the business, which has been trading in Australia since 1971 under a license agreement from Laura Ashley UK.

Administrators from FTI Consulting said seven Laura Ashley stores were closed, impacting 17 employees, last month. A further five stores were shuttered last week and 25 employees lost their jobs.

“The administrators continue to restructure the operations of Laura Ashley as we pursue the sale of the company as a going concern,” said administrator, Ross Blakeley.

“There are still 25 stores continuing to trade around Australia and we are working closely with a number of interested parties with respect to the potential sale of the business.”

Closed Laura Ashley locations:
Newcastle, NSW
Balgowlah, NSW
Doncaster, VIC
Geelong, VIC
Brighton, VIC
Richmond, VIC
Harbour Town,VIC

Fountain Gate, VIC
Elizabeth Street, VIC
Brisbane, QLD
Robina, QLD
Perth, WA

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Comments

1 comment

  1. Peter posted on February 16, 2016

    This has been overdue in coming, Laura Ashley in Australia lost the plot some years back, they continually stocked products that were not appealing to customers especially for the money being charged.

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