Laura Ashley to axe 268 jobs following administration

Laura Ashley to axe 268 jobs following administration

The firm announced 70 store closures last week

Laura Ashley is to cut 268 jobs after the fashion retailer slid into administration last week.

Administrators for the high street firm said the redundancies will mainly affect staff in its headquarters and back office roles.

It comes after the retailer announced last week that it will permanently close 70 stores, after filing for administration.

It said at the time that 721 workers were at risk, but the majority of these are now due to be furloughed.

Laura Ashley hired PwC to advise on the administration process as it blamed the impact of coronavirus for tipping it over the edge.

Published: by Radio NewsHub
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