Laura Ashley in administration for the second time in two years
The Sydney Morning Herald reported that British homeware and fashion brand Laura Ashley's Australian business has gone into administration - the second time it has collapsed in two just years. The company appointed KordaMentha as voluntary administrators on Monday, which has put its 18 stores and the licence to operate the brand locally up for sale, and has started clearing stock. Laura Ashley has operated in Australia since 1971, and had 45 stores at its peak. Laura Ashley is the latest in a string of mid-size retailers to go under, including Roger David, Topshop, Rhodes & Beckett, Payless Shoes, and Maggie T.