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		</div><p>Laura Ashley is to cut 268 jobs in the UK after the British fashion retailer slid into administration last week.</p>
<p>Administrators for the high street firm said the redundancies will mainly affect staff in its UK headquarters and back office roles.</p>
<p>It comes after the retailer announced last week that it will permanently close 70 stores, after filing for administration.</p>
<p>It said at the time that 721 workers were at risk, but the majority of these are now due to be furloughed.</p>
<p>Laura Ashley hired PwC to advise on the administration process as it blamed the impact of coronavirus for tipping it over the edge.</p>
<p>The administrators told the PA news agency that they have had held talks with potential bidders over the sale of part or whole of the company.</p>
<p>Laura Ashley said today that it plans to furlough 1,669 staff in line with British Government guidelines, while 677 people will continue to work for the business as normal.</p>
<p>Staff are continuing to run the retailer’s online operations, in line with guidance over social distancing, it said.</p>
<p>PwC added that is anticipated all stores will reopen, when guidance permits, for a period of time, either because the stores form part of a sale or to sell off remaining stock.</p>
<p>Rob Lewis, joint administrator for the company, told PA: <em>“We have had a large number of interested parties speak with us.</em></p>
<p><em>“The process will take as long as it needs but we will let staff know as soon as we have an outcome.</em></p>
<p><em>“Laura Ashley is a really strong brand in the UK and internationally, so there is obviously interest.”</em></p>
<p>The administration came after a challenging period for the clothing and furnishings brand, which saw pre-tax losses balloon to £4 million in 2019.</p>
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