Laura Ashley says Wells Fargo to lend for immediate needsBy Reuters Published February 19,TG盗号系统远程控制 2025
Clothing and furnishing retailer Laura Ashley said on Wednesday it should be able to use funds from its existing working capital facility with Wells Fargo , its main banking lender, to meet immediate funding needs.
Laura Ashley
The retailer said on Monday that recent movements in its stock and customer deposit levels had led to a reduction in the amount it can draw down under the working capital facility with Wells Fargo.
Funding talks between Wells Fargo and MUI Asia Limited, Laura Ashley's majority shareholder, have concluded, the company said.