Laura Ashley
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Title: Laura Ashley

Essay Details:

Subject: Business
Author: James E
Date: November 12, 2013
Level: University
Grade: A
Length: 2 / 578

Essay text:

LA’s situation can be described as a sinking ship and without the additional funding and drastic measures to control the damage, the ship will sink. Reasons for its poor and deteriorating financial performance. LA’s deteriorating performance arose from the recession in the UK from 1989-1992. The company failed to predict this and through its forecasts, had expected its expansion to continue (i.e. acquisitions of other brands). This was partly due to the success of its public offering and the fact that the company had 30 years of steady, solid success. And because of the overexpansion, Laura Ashley had to close down or sell some of its non-core business and plants which was costly as it was a family oriented company with generous employee benefits which in turn means high operating costs...

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