The voluntary administration of Australian retail chain Laura Ashley will continue until at least the middle of May, after the companys administrators were granted an extended time period for which to hold the second meeting of creditors.
The Australian arm of Laura Ashley collapsed into voluntary administration on January 7, with Ross Blakeley, Quentin Olde and John Park from FTI Consulting appointed to manage the administration and find a buyer for the business.
At the time, Laura Ashley Australia was operating 38 stores across the country under a licence agreement from Laura Ashley UK.
Seven stores were closed at the end of January, with another five outlets earmarked for closure in mid…
Read the full article at: http://www.smartcompany.com.au/finance/66871-laura-ashley-voluntary-administration-to-continue-into-may-following-court-extension/
