Live Support

Laura Ashley agrees loan deal in fight for survival

HK_TST_K11_mall_22_shop_Laura_Ashley_clothing.JPG?profile=RESIZE_710xStruggling retailer Laura Ashley has secured a loan to fund its day-to-day operations following speculation about its survival.

The fashion and home store had been in talks US bank Wells Fargo about terms for drawing on a £20m loan facility.

Shares in Laura Ashley surged 45% on the news, rebounding from falls earlier in the week.

...

BBC News

You need to be a member of People's Forum to add comments!

Join People's Forum

Email me when people reply –

Discussion Area

This area is for people to post and view discussions. You can use the the tabs at the top of the page to filter the discussion to the topics you want.

If you would like to start a discussion please click Add Discussion