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Fashion chain Laura Ashley files for administration

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Fashion chain Laura Ashley has filed for administration, putting up to 2,700 jobs at risk

In a statement, it said: “The company regrets to announce that the directors of the company, and of the named subsidiaries, have today filed notices of intention to appoint Robert Lewis and Zelf Hussain as administrators.

If administrators are appointed in respect of the company, given the group’s creditor position, the company is not certain whether there would be any surplus assets available to shareholders of the company.”

Laura Ashley has four stores in Northern Ireland.

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