Five more Laura Ashley stores to close as voluntary administration continues
Friday, February 12, 2016/
Five Laura Ashley stores in Victoria and New South Wales will close and 25 employees will lose their jobs, as the voluntary administration of the Australian retail chain continues.
FTI Consulting, which was appointed to manage the voluntary administration of the company on January 7, said yesterday the closures are part of an ongoing restructure of the business.
The Victorian stores that will close are located in Geelong and the Melbourne suburbs of Doncaster and Brighton.
In NSW, the Laura Ashley stores in Newcastle and Balgowlah will also close.
The administrators previously closed seven outlets in Brisbane and Robina in Queensland, Perth in Western Australia, and Richmond, Harbour Town, Fountain Gate and Elizabeth Street in Melbourne.
“The administrators continue to restructure the operations of Laura Ashley as we pursue the sale of the company as a going concern,” said administrator Ross Blakeley in a statement provided to SmartCompany.
“There are still 25 stores continuing to trade around Australia and we are working closely with a number of interested parties with respect to the potential sale of the business.”
Be honest about your situation: How vulnerability helps businesses thrive Sue Parker DARE Group founder
Own it: The 10 things you need to do to manage your personal brand Lisa Stephenson Who Am I Projects founder
Six invaluable lessons: What 20 years in aged care taught me about being an entrepreneur Natasha Chadwick NewDirection Care founder
An entrepreneurial superpower: Eight tips to help develop resilience Adala Bolto ZADI Training co-founder
Going through a lull? Five areas you should invest in when sales drop Tamara Alaveras and Sonia Majkic 3 Phase Marketing co-founders
Stop telling us how busy you are, it's boring and charmless Ian Whitworth Scene Change co-founder
Blandification™ and the state of modern branding Jeffrey Oley The Offices co-founder
Why you should find the right role for the right person — not the other way around Bruce Stronge Outfit founder