Laura Ashley is closing its doors for good in Australia, after a buyer failed to materialise during the administration process, despite several expressions of interest.
The fashion and homewares retailer will close 16 stores in all states and the ACT by the end of this month, and 100 employees will be out of a job. The retailer closed its online store and a store in Brisbane after entering voluntary administration on December 3.
Administrator Craig Shepard of KordaMentha Restructuring said the focus is now on an orderly closure of the remaining stores over the next two weeks. All stock will be priced to clear.
Laura Ashley customers are invited to shop for a Christmas bargain. We thank all the loyal staff for their support of the bra…
Read the full article at: https://www.insideretail.com.au/news/laura-ashley-stores-closing-this-month-201812