Laura Ashley to sell 40% to Malaysians to ensure survival

April 1998
Cabinet Maker;04/24/98, Issue 5085, p7
Trade Publication
Reports that Laura Ashley shareholders has been told by the company's directors to sell 40 percent to Malaysian conglomerate MUI. Total amount to be paid for the stake; Financial performance of the company for fiscal 1997; Chief executive David Hoare's goal of improving the company's profitability before any future expansion.


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