Its easy to blame coronavirus and it sounds like a bit of a cop out surely if Laura Ashleys business was rock solid they wouldn't have folded so quickly.
Fashion and furniture chain Laura Ashley has become the latest business casualty of the coronavirus pandemic.
Just two weeks after regional airline Flybe collapsed, the retailer has said it will have to call in administrators putting 2,700 jobs at risk.
It is one of the many firms reeling from the impact of the coronavirus, with the government advising people to avoid unnecessary contact with others.
The collapse comes as the chancellor prepares fresh support for companies.
Firms from many industries including airlines, retailers, restaurants, theatres and pubs have said the virus has pushed them to the brink, with several warning of imminent collapse without government help.
Chancellor Rishi Sunak has already announced a £12bn Budget package to help businesses deal with the crisis, including business rates relief for small firm and a new hardship fund.
But he said in his Budget speech he would "not hesitate to act" if more was needed, and he is expected to unveil new financial measures in the government's daily briefing on the outbreak on Tuesday afternoon.
https://www.bbc.co.uk/news/business-51927691
Fashion and furniture chain Laura Ashley has become the latest business casualty of the coronavirus pandemic.
Just two weeks after regional airline Flybe collapsed, the retailer has said it will have to call in administrators putting 2,700 jobs at risk.
It is one of the many firms reeling from the impact of the coronavirus, with the government advising people to avoid unnecessary contact with others.
The collapse comes as the chancellor prepares fresh support for companies.
Firms from many industries including airlines, retailers, restaurants, theatres and pubs have said the virus has pushed them to the brink, with several warning of imminent collapse without government help.
Chancellor Rishi Sunak has already announced a £12bn Budget package to help businesses deal with the crisis, including business rates relief for small firm and a new hardship fund.
But he said in his Budget speech he would "not hesitate to act" if more was needed, and he is expected to unveil new financial measures in the government's daily briefing on the outbreak on Tuesday afternoon.
https://www.bbc.co.uk/news/business-51927691
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