March 17, 2020 / 10:52 AM / 12 days ago

Laura Ashley intends to appoint administrators

March 17 (Reuters) - Laura Ashley said on Tuesday it intends to appoint administrators as the coronavirus outbreak has had an immediate and significant impact on the UK retailer’s performance, and that its shares would be suspended.

The company’s largest shareholder, MUI Asia, will not be able to provide financial support within the required time frame, the company said.

Reporting by Tanishaa Nadkar in Bengaluru; Editing by Vinay Dwivedi

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