Fashion Brand Laura Ashley To Close UK Stores, Focus On China (8)

UK brand Laura Ashley appears to be leaving the UK.

Laura Ashley, which is owned by Malayan United Industries (MUI), has already closed some 40 UK stores since 2015.

High Street stores in the UK have had a difficult year as consumer confidence wanes and fewer shoppers visit.

Andrew Khoo Boo Yeow, MUI’s newly appointed executive chairman, told reporters in Malaysia earlier this month that he expected the business to see some tough headwinds across the next two years.

He also said MUI would be restructuring some arms of its business and rationalising assets.

Mr Khoo told the Press Association that the number of UK stores would be reduced from 160 to 120, but that the remaining stores would be expanded.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: