Hope for Irish jobs at Laura Ashley, High Court told – The Irish Times

The High Court has heard of hope that the jobs of some employed by the Irish arm of fashion retailer Laura Ashley can be saved following the acquisition of its UK parent.

On Friday, Ms Justice Leonie Reynolds confirmed the appointment of joint liquidators to Laura Ashley Ireland Ltd, which formed part of the Laura Ashley group, and employed more than 70 people here.

Ken Tyrell and Declan McDonald of PWC were appointed last month to act as liquidators in a provisional capacity.

The Irish company sought the appointment of liquidators arising out of its UK parent’s decision to enter administration after the Covid-19 pandemic effectively ended a proposed sales process.

As a result, the parent ceased providing the Irish company with any further financial support.

Without that support, the Irish company, which had seen a decline in revenue in recent years, could not survive as it has a balance

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