Laura Ashley says it has agreed a deal to secure its immediate funding requirements - days after the retailer warned on its future.
The home furnishings-to-fashion chain said talks with its lender, US bank Wells Fargo, had concluded over the terms of a £20m loan. "The group should be able to utilise requisite funds from its working capital facility with Wells Fargo to meet its immediate funding requirements," the company said in a statement to the City.
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