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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

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