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Laura Ashley agrees emergency funding deal with Wells Fargo

British retailer secures vital £20m loan agreement with US bank as it fights for survival

Laura Ashley has staved off the threat of imminent collapse after securing access to sufficient funds to meet its immediate funding needs.

The clothing and furnishing retailer said talks with the US bank Wells Fargo over the terms of a £20m loan facility had concluded successfully.

Related: How to save Laura Ashley: relaunch all its beautiful vintage dresses

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Source: The Guardian