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Laura Ashley heads for insolvency as coronavirus deepens retail woes

(Bloomberg)—Laura Ashley Holdings Plc is preparing for insolvency as the coronavirus pandemic erected a new obstacle to the ailing brand’s turnaround. The clothing and furnishings retailer, best known for its floral and paisley designs, intends to appoint administrators, a U.K. procedure similar to Chapter 11 bankruptcy protection, according to a statement on Tuesday. While sales […]

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