Laura Ashley takeover rumours abound
By FashionUnited
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The fashion and home furnishings retailer Laura Ashley is once again the subject of takeover rumours. According to just-style.com, sources have suggested that one of the company's largest shareholders has been negotiating with other investors over a buy out.
After years of bad results, Laura Ashley finally returned to profitability last year. It is focusing more on its home furnishings business, reducing its apparel business as a result. Malaysian United Industries currently owns a majority stake in the company.