Thousands of jobs set to go as Laura Ashley goes under
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No fewer than 2,700 jobs at risk after rescue talks were halted by the coronavirus outbreak.
The troubled retailer has stores across Nottinghamshire, Derbyshire and South Yorkshire, all of which will be affected. In total, there are 150 Laura Ashley stores in the UK.
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Hide AdIt said the Covid-19 pandemic has "had an immediate and significant impact on trading, and ongoing developments indicate that this will be a sustained national situation".
Firms in several industries are reportedly on the verge of collapse after the government advised people to avoid unnecessary contact with others.
The collapse comes as the chancellor prepares fresh support for companies, having already announced a £12bn Budget package to help businesses deal with the crisis.
The announcement is expected to be made in Tuesday’s press briefing on the virus.