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 Richm…

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