Home furnishings company Laura Ashley Australia has collapsed into voluntary administration.
External directors were called in to manage the business today, with Ross Blakeley from Quentin Olde and John Park from FTI Consulting appointed as administrators.
Laura Ashely was founded in Australia in 1971 and operates 38 stores in Australia and four in New Zealand under a licence agreement from Laura Ashely UK.
The appointment of administrators only applies to the retailer’s Australian stores.
Laura Ashley’s New Zealand stores and Laura Ashley UK are not affected by the collapse of the Australian business.
In a statement, John Park from FTI Consulting said it is the a…
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