Laura Ashley owner in crisis talks to secure emergency funding
(The Guardian Business News)

Retail chain, which employs 2,700 people, will `consider all options´ amid sales slumpLaura Ashley has confirmed that its Malaysian owner is locked in make-or-break talks with its bank over access to emergency funding as the fashion and furniture retailer revealed a steep drop in sales amid `challenging` conditions for the sector.The company, which is listed in the UK, said it would have to `consider all appropriate options` if it could not get hold of more cash, raising fears for the jobs of more than 2,700 workers. Continue reading...