A Laura Ashley store in Windsor is pictured after they filed for Administration while the number of coronavirus cases grow around the world. Windsor, Britain, March 17, 2020. - Reuters
BENGALURU: Laura Ashley Holdings said it will permanently shut 70 stores and cut hundreds of jobs as the struggling fashion retailer appointed administrators following a damaging blow to its business from the coronavirus pandemic.
The pandemic has compounded challenges faced by British retailers. Laura Ashley, a favourite of late Princess Diana in its 1980s heyday, has seen sales fall, store closures and weakness at its home furnishings business.
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