Laura Ashley
The New Normal: A Darwinian Shakeout Will Create Fresh Opportunities
The crisis will shake out the weak, embolden the strong and accelerate the decline of those that were already struggling before the pandemic, compelling companies to evaluate divestment and acquisition opportunities and capture whitespaces that emerge from the reshuffle, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
The New Normal: A Darwinian Shakeout Will Create Fresh Opportunities
The crisis will shake out the weak, embolden the strong and accelerate the decline of those that were already struggling before the pandemic, compelling companies to evaluate divestment and acquisition opportunities and capture whitespaces that emerge from the reshuffle, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
Laura Ashley to Shut Stores and Cut Jobs
The British retailer announced it will be permanently closing 70 stores after filing for administration amid the coronavirus outbreak.
Laura Ashley Files for Administration as Coronavirus Hits
The outbreak had an immediate impact on the already-struggling UK retailer, sending shares down more than 64 percent.
Laura Ashley's Major Shareholder in Funding Talks
The British fashion house is the latest victim of a troubled couple of years for UK retailers, with sales hit by store closures and a worsening consumer mood.
Laura Ashley CEO Steps Down
Kwan Cheong Ng is leaving after eight years at the helm of the company, with Chief Operating Officer Katharine Poulter named as his successor.