Laura Ashley - 2700 jobs at risk..

RickT · 17 Mar 20, 12:51 PM

Sky News: Coronavirus: Laura Ashley set to become first retail casualty of crisis

The fashion to homewares shop Laura Ashley is set to become the first retail casualty of the coronavirus crisis, placing 2,700 jobs at risk.

Sky News reported at the weekend how it was scrambling for a funding lifeline to avert collapse but the company all but admitted defeat on Tuesday, saying it had filed intentions to appoint administrators.

news.sky/story/coronaviru...risis-11958881

**smithlane** · 17 Mar 20, 12:56 PM

Such a shame. Both of my children�s bedrooms were decorated in Laura Ashley furnishings for many years.
They�ve been in trouble for a while now though haven�t they? This must have tipped them over the edge.
I feel for all those members of staff with jobs at risk

Guest · 17 Mar 20, 01:14 PM

Laura Ashley has been struggling for years, it is quite easy to see why when you go into a store now versus twenty years ago. DH and I usually pop in when we go to Harlow and we have been saying for ages that their demise looks imminent.

I don�t think it is anything to do with Coronavirus.

novocastrian · 17 Mar 20, 01:17 PM

they must have been in trouble for a while

its only in the last 2 weeks anything has in reality changed

**cornishfrogboy** · 17 Mar 20, 01:21 PM

I think that L Ashley are using Coronovirus as an excuse. It is no secret that they have been on the brink for years.

Guest · 17 Mar 20, 01:28 PM

I have looked at two numbers in their 2019 annual report, they have a June year end, so nine months ago.

Comprehensive loss: �16m

Retained earnings: negative �96m

They were struggling.

lauraashley/file/gen...eport-2019.pdf

THOscar · 17 Mar 20, 03:45 PM

Coronavirus is to blame for a lot of things but the collapse of Laura Ashley isn�t one of them.

Morganza · 17 Mar 20, 04:49 PM

To be fair, a poor two weeks can be enough to tip teetering companies over the edge. I believe we are about to see a lot of casualties on the High Streets. Food and essentials will be fine. Clothes and luxuries - folks will be saving their money.

Guest · 17 Mar 20, 07:52 PM

Originally Posted by Morganza

To be fair, a poor two weeks can be enough to tip teetering companies over the edge. I believe we are about to see a lot of casualties on the High Streets. Food and essentials will be fine. Clothes and luxuries - folks will be saving their money.

It is nothing to do with Coronavirus. And no, a poor two weeks does not typically send a multi million pound business to the receivers.

17 Mar 20, 01:14 PM	#3
	17 Mar 20, 01:14 PM Guest Guest
Guest Guest	Laura Ashley has been struggling for years, it is quite easy to see why when you go into a store now versus twenty years ago. DH and I usually pop in when we go to Harlow and we have been saying for ages that their demise looks imminent. I don�t think it is anything to do with Coronavirus.

17 Mar 20, 01:17 PM	#4
	17 Mar 20, 01:17 PM novocastrian Imagineer
novocastrian Imagineer Join Date: Aug 14	they must have been in trouble for a while its only in the last 2 weeks anything has in reality changed

17 Mar 20, 01:28 PM	#6
	17 Mar 20, 01:28 PM Guest Guest
Guest Guest	I have looked at two numbers in their 2019 annual report, they have a June year end, so nine months ago. Comprehensive loss: �16m Retained earnings: negative �96m They were struggling. lauraashley/file/gen...eport-2019.pdf

17 Mar 20, 04:49 PM	#8
	17 Mar 20, 04:49 PM Morganza slightly serious Dibber
Morganza slightly serious Dibber Join Date: Sep 12	To be fair, a poor two weeks can be enough to tip teetering companies over the edge. I believe we are about to see a lot of casualties on the High Streets. Food and essentials will be fine. Clothes and luxuries - folks will be saving their money.

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