Laura Ashley goes into administration, Mountain Warehouse considers 2,000 layoffs and Carluccio’s warns of major closures
Laura Ashley has collapsed into administration as other well-known high street brands warn of looming jobs cuts and closures due to the coronavirus outbreak.
The warnings came as the UK chancellor, Rishi Sunak, unveiled a fresh package of economic measures to support businesses and individuals under financial pressure because of the crisis, while the Trump administration said it wanted to send cheques to US citizens as part of a new stimulus package to limit the economic fallout from Covid-19.
