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Tag: Ashley

Second administrator to scrutinise Laura Ashley collapse | Business

The pensions rescue service has forced the appointment of a second administrator to scrutinise the finances of Laura Ashley prior to its collapse into administration in March. The new administrator, FRP Advisory, is also likely to investigate the role of the fashion chain’s former directors, including the chairman and chief executive Ng Kwan Cheong, who …

Second administrator to scrutinise Laura Ashley collapse | BusinessRead More

You know change is in the air when the likes of Ashley and Martin back down | Business

Strange things happen in a crisis. For one, it can dawn on Mike Ashley that pretending that a sports shop is an essential public service is absurd. Friday’s apology from the Sports Direct founder seemed to be more about communication – “ill-judged and poorly timed” emails to overworked government ministers – than his original ludicrous …

You know change is in the air when the likes of Ashley and Martin back down | BusinessRead More

Sports Direct’s Mike Ashley apologises for poor Covid-19 actions | Business

Mike Ashley has issued a public apology after his spat with the government about trying to keep his Sports Direct chain open when non-essential businesses were ordered to close. Ashley’s Frasers Group, which includes House of Fraser and Evans Cycles, had intended to keep Sports Direct open as other non-essential retailers closed, on the basis …

Sports Direct’s Mike Ashley apologises for poor Covid-19 actions | BusinessRead More

Laura Ashley to file for administration as coronavirus takes toll | Business

Laura Ashley is to file for administration as the embattled fashion and furnishings firm said rescue talks had been thwarted by the coronavirus outbreak. The move comes only days after reports that the company, which operates more than 150 British stores and has 2,700 employees, was seeking a £15m emergency loan by the end of …

Laura Ashley to file for administration as coronavirus takes toll | BusinessRead More

Debenhams goes for restructure as Mike Ashley legal challenge fails | Business

Debenhams is to press ahead with a financial restructure to cut its debts after a legal challenge backed by Mike Ashley’s Sports Direct drew to a close. The restructure will result in at least £100m of the ailing department store chain’s £600m-plus of debt being converted to equity. Stefaan Vansteenkiste, the chief executive of Debenhams, …

Debenhams goes for restructure as Mike Ashley legal challenge fails | BusinessRead More

Laura Ashley to raid archives as home furnishing sales plunge | Business

Laura Ashley is to revive the “timeless” designs of its late founder in the latest attempt to breathe new life into the struggling British heritage brand. Ashley, who started printing her trademark floral fabrics on her kitchen table, took the high street by storm in the 70s, but the appeal of her frilly world peaked …

Laura Ashley to raid archives as home furnishing sales plunge | BusinessRead More

Laura Ashley agrees emergency funding deal with Wells Fargo | Business

Laura Ashley has staved off the threat of imminent collapse after securing access to sufficient funds to meet its immediate funding needs. The clothing and furnishing retailer said talks with the US bank Wells Fargo over the terms of a £20m loan facility had concluded successfully. “The group should be able to utilise requisite funds …

Laura Ashley agrees emergency funding deal with Wells Fargo | BusinessRead More

How to save Laura Ashley: relaunch all its beautiful vintage dresses | Fashion

In the City, shares in Laura Ashley – which is seeking a bailout – are plummeting – but if you head a little further south, to Kent, the brand’s value seems to be at an all-time high. In my favourite vintage clothing shop, Madam Popoff’s of Margate, there is such demand for Laura Ashley pieces …

How to save Laura Ashley: relaunch all its beautiful vintage dresses | FashionRead More

Laura Ashley owner in crisis talks to secure emergency funding | Business

Laura Ashley has confirmed that its Malaysian owner is locked in make-or-break talks with its bank over access to emergency funding as the fashion and furniture retailer revealed a steep drop in sales amid “challenging” conditions for the sector. The company, which is listed in the UK, said it would have to “consider all appropriate …

Laura Ashley owner in crisis talks to secure emergency funding | BusinessRead More

Mike Ashley’s Frasers Group snaps up stake in luxury brand Mulberry | Business

Mike Ashley has bought a 12.5% stake in the luxury British handbag company Mulberry as he seeks to push his retail empire upmarket. Ashley’s Fraser Group announced on Monday that it had bought the stake as a part of a “key strategic priority” to reposition his fashion group towards “premium third-party brands”. Ashley, 55, has …

Mike Ashley’s Frasers Group snaps up stake in luxury brand Mulberry | BusinessRead More