PwC uses CJRS to cut Laura Ashley job losses
The administrator of Laura Ashely says it has spoken to ‘a large number’ of potential buyers.
It comes as PwC has cut the number of staff it planned to make redundant as it instead uses the Coronavirus Job Retention Scheme.
‘We have had a large number of interested parties speak with us. The process will take as long as it needs but we will let staff know as soon as we have an outcome. Laura Ashley is a really strong brand in the UK and internationally, so there is obviously interest,’ Rob Lewis, joint administrator told PA.
PwC had planned to make 721 staff redundant with the closure of 70 branches but with the closure of all but essential retailers, it says it will put 1,668 staff on the Coronavirus Job Retention Scheme, thereby not paying their wages.
Some 268 jobs will be made redundant at its head office and in back office roles.
Some 677 people will continue to be employed. The chain is continuing to operate its online operation.