Laura Ashley to cease concessions in Homebase stores

21st Oct 2016 10:40

(ShareCast News) - Laura Ashley Holdings says it is ceasing to trade in its concessions in Homebase stores following that company's acquisition by Wesfarmers.Closure of the concessions would occur in second-quarter 2017.The company did not anticipate a material impact, and expected the majority of trade it received from the soon-to-close concessions would be redirected to Laura Ashley stores and website.At about 10:36 BST, shares in Laura Ashley were up 1.24% to 20.5p.

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