Laura Ashley news and archive

Laura Ashley markets manufacturing and distribution facilities

Laura Ashley has reportedly called in real estate firm Avison Young to market its manufacturing and distribution facilities on behalf of its joint administrators PwC. The British fashion retailer’s portfolio comprises six properties. Avison Young is actively inviting interest for the locations as a whole or in part, on both a for sale and to let...

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Business

Laura Ashley brand bought out of administration by Gordon Brothers

The Laura Ashley brand has been acquired by US advisory firm Gordon Brothers after falling into administration last month when rescue talks were thwarted by Covid-19 concerns. Gordon Brothers said it will consider “several go-to-market strategies” for the struggling British fashion and homeware retailer, which could include the closure of stores...

Business

Laura Ashley looks to China to revert falling sales in the UK

New York – British fashion and homeware brand Laura Ashley has appointed IMG as its new licensing partner to exclusively license the retailer in mainland China, Hong Kong and Taiwan in a bid to make up for widening losses back to the UK. “We are delighted to have appointed IMG on an exclusive basis to help us develop our brand presence in China,...

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Business

Laura Ashley reported to have received a 20 million pound takeover bid

New York – British fashion and homewares retailer Laura Ashley is reported to have received a takeover bid from a U.S. investment firm, Flacks Group. In a statement issued Monday, Flacks Group said it is in the early stages of evaluating a bid for the struggling retailer. The apparel group, owned by Malaysian United Industries, addressed both...

Retail

Laura Ashley to close all Australian stores this month

British clothing and homeware brand Laura Ashley is set to close all of its Australian stores by the end of the year following a failed buyer hunt by administrators, according to the Sydney Morning Herald. The news comes in the same week that Laura Ashley announced it would be closing some 40 of its UK stores and shifting its focus to the...

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Business|ANALYSIS

Laura Ashley Australia: three years, two times into administration

New York – The Australian subsidiary of British fashion brand Laura Ashley has fallen into administration for the second time in barely three years. Laura Ashley entered Australia in 1971 and, at its peak, had more than 45 stores. It still had 38 stores in 2016. The clothing and home furnishing group, operated under licence from the original...

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Business

Laura Ashley H1 sales and profit decline

For the 26 weeks to December 31, 2017, Laura Ashley Holdings Plc reported sales of 134.7 million pounds (189 million dollars), a fall of 7.7 percent. This overall fall, the company said, was primarily due to the closure of 25 stores during the second half of last year. Like-for-like retail sales for the period fell by 0.5 percent. Total...

Business

Laura Ashley annual fashion sales decline 3.9 percent

For the 74 weeks to June 30, 2016, total Group sales were 400.9 million pounds (522.2 million dollars) compared with the 53 week period last year. Like-for-like sales grew by 4.1 percent over the same period. However, fashion category sales that includes adult fashion, fashion accessories and perfumery decreased by 3.9 percent over the same...

Business

Laura Ashley calls the administrators in for its Australian branch

British homewares, furnishing and fashion brand Laura Ashley has called in administrators to take care of Laura Ashley Australia. The company will continue trading for the time being. As reported by local media, Laura Ashley director Daryl Chait has appointed FTI Consulting to administer the ailing retailer. Store closures and difficult trading...