Laura Ashley issued an unexpected update on Monday along with a “response to press speculation”. The retailer said trading in the current financial year “has continued to be challenging” and it's in talks about funding.
Laura Ashley shares fell as much as 8.7% on Friday after the company said Katharine Poulter is becoming its new CEO, replacing Kwan Cheong Ng, who is retiring. The change is effective on 1 May, according to a statement.
Laura Ashley shares plunged more than 26% on Monday morning after the troubled fashion and homeware chain revealed its finance director and joint chief operating officer is leaving the company after two decades.
Laura Ashley may have made a loss in the last year but its fashion ops powered ahead and proved to be the most successful part of the business. The company also has a new deal to help it expand in China.
Department store Liberty staged its first-ever runway show on Wednesday, the event marking its first own-brand ready-to-wear collection and the first collection from its newly-appointed head of design, Holly Marler.