THE RETAIL BULLETIN - The home of retail news
HOME
VIRTUAL EVENTS
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Laura Ashley secures funding lifeline

Laura Ashley has announced that it has reached an agreement with US bank Wells Fargo regarding a cash lifeline to cover its immediate funding requirements. Earlier… View Article

FASHION

Laura Ashley secures funding lifeline

Laura Ashley has announced that it has reached an agreement with US bank Wells Fargo regarding a cash lifeline to cover its immediate funding requirements.

Earlier this week, the fashion and homewares retailer revealed it was in talks with Wells Fargo and its main shareholder MUI Asia as it looked to secure new funds to keep on trading.

The retailer now says the discussions have been successfully concluded and that it will be able to access the requisite funds from its working capital facility with Wells Fargo.

The retailer said the outcome of the discussions did not include MUI Asia injecting any more cash into the business.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News