Laura Ashley to close 40 stores, putting hundreds of jobs at risk

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New chairman wants fewer but larger stores in UK and is keen to expand presence in China

Laura Ashley is to close 40 stores, representing a quarter of its UK outlets, in a move that puts hundreds of jobs at risk.

The company’s new chairman, Andrew Khoo, who took on the role from his father last week, said the stores were closing amid a “challenging environment” in the UK that had hit sales of expensive products such as furniture.

4 December

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Source: china
Link : Laura Ashley to close 40 stores, putting hundreds of jobs at risk

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