Laura Ashley Holdings PLC (01012631): administration
- Status
- Administration ended
- Administration began
- 2020-03-23
- Administrators' firm
- PwC
- Incorporated
- 1971-05-28
- Location
- Leeds
- Industry
- 70100 Activities of head offices
Why it went into administration
- Sustained trading losses
- COVID-19
- Weak consumer demand
- Shift to online / high-street decline
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of key people
- Competition / price pressure
From the administrators' statement
Laura Ashley was founded in 1953 by Laura and Bernard Ashley. The Group was an International lifestyle brand specialising in furniture, home accessories, decorating and fashion products.
The Group has retail stores mainly based in the UK, Republic of freland and France, and franchise and licensee
operations located in 25 territories across the world.
Administrators' statement of proposals (2021-06-17) · Companies House register