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LAURA ASHLEY: Powys Factory to Close Next Month, 57 Jobs Affected

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BBC News reports that a Laura Ashley factory in Powys is set to close next month, with the loss of 57 jobs.

Staff at the Texplan warehouse and call centre in Newtown have been told hopes of a management buyout have been dashed, BBC relates.

The furniture and fashion chain collapsed into administration in March, BBC recounts.

According to BBC, Chief executive Katherine Poulter said “time and events have conspired” against plans to find a buyer for the stock and freehold to the sites.

“Everyone in our Laura Ashley family has pulled together and delivered everything possible to give our business operations the best chance of continuing as a going concern,” she told the Local Democracy Reporting Service.

“It is now increasingly unlikely that we will be able to secure a going concern for retail and manufacturing operations.”

Administrator PricewaterhouseCoopers (PwC) described the news as “extremely disappointing” and said it would provide all affected staff with support, BBC notes.

Some of the firm’s 147 stores have re-opened, having closed due to coronavirus, though 70 have closed permanently, BBC states.

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