It comes after it emerged the company has swung to a loss as a continued decline in its home furnishings business and changes to its website weighed on sales.  In 2012 the company responded with complacency to a significant number of negative online consumer reviews, pointing to improving sales and profitability figures, but the Financial Times, perhaps somewhat prophetically, commented "Laura Ashley may be right to shrug off online criticism. Paddy Doyle: An extract from The God Squad, by the late author. Laura Ashley Ireland Ltd, which is part of the Laura Ashley group and employs 76 people here, sought the winding-up order arising out of its UK parent’s decision to enter administration there. From 1953, Bernard left his city job and the couple began to expand the company, initially named Ashley Mountney Ltd incorporating Laura Ashley's maiden name.
Choose 3 or more topics that you want to see. My Bag (0) 855.396.6100. It also was to work successfully in the company's favour, as fashion switched from the mini to the maxi skirt at the end of the 1960s. The application to appoint administrators comes after the fashion and furnishings retailer announced its intention to file for administration last week. , Setbacks were also experienced in the UK operation. Commenting on the overall financial picture for Laura Ashley, the brand's chairman, Andrew Khoo, said: "The last 12 months have proved to be a difficult trading period for the group and indeed for the retail sector as a whole.
Laura Ashley beaded wall mounted mirror. Laura Ashley experienced several setbacks in the early years of the new century.
In a statement issued by Laura Ashley Plc on Monday, the company said that it will file documents to a British court to appoint Rob Lewis and Zelf Hussain of PwC as administrators.  New chairman Andrew Khoo was upbeat at the year's end, looking to expand Laura Ashley's online sales and perhaps later a physical presence in the Chinese market.
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Outside the UK, franchise and licensing revenue was down due to the loss of business in Japan after ending its relationship with retail partner Aeon in September. A spokesperson for the company was unable to confirm exactly how many people are employed by Laura Ashley in Ireland, however all of the jobs are at risk. One of the most significant initiatives at this time was a strategic alliance with FedEx, forming a sort of proto-federation, aimed at improving distribution for close to 500 Laura Ashley stores. Listen now wherever you get your podcasts, The latest Irish and international sports news for readers and members, A platform helping fund the type of in-depth journalism that the public wants to see. The group, which sustained loses in recent years, entered administration after the outbreak of Covid-19 ended its attempts to raise third-party investment it said it required in order to continue to trade. The high street stalwart has revealed it made a pre-tax loss of £14.3m in the year to June 30, compared to a profit of £100,000 this time last year.
Home accessories, which accounts for the biggest slice of UK sales, rose by 1.1% on a comparable basis but comparable fashion sales were up 9.2%. However, it said the Covid-19 virus outbreak has “had an immediate and significant impact on trading, and ongoing developments indicate that this will be a sustained national situation”.
Daft.ie, Jobs in Irish stores at risk as Laura Ashley chain files for administration Comments, Create an email alert based on the current article, Personalise your news feed by choosing your favourite topics of interest. The High Court has appointed joint provisional liquidators to the Irish arm of fashion retailer Laura Ashley, which operates five stores in Ireland. Contact.
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