Laura Ashley to close 40 stores, putting hundreds of jobs at risk
(The Guardian China)

New chairman wants fewer but larger stores in UK and is keen to expand presence in ChinaLaura 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 Continue reading...