Laura Ashley appeals to lenders for more cash to stay afloat

Laura Ashley

Laura Ashley faces collapse unless it can secure £15m of emergency cash by the end of this month and has lined up PwC to act as administrator – putting 2,700 jobs at risk.

The retailer – known for its floral curtains and wallpaper – said it is in advanced talks with a possible lender, understood to be private equity firm Hilco. However, PwC is posed to step in and take charge if the talks fail to deliver.

Read the full article on The Daily Telegraph.