January 31, 2020 / 7:51 AM / a month ago

Laura Ashley says CEO to step down, names replacement

Jan 31 (Reuters) - Clothing and furnishing retailer Laura Ashley Holdings Plc said on Friday Chief Executive Officer Kwan Cheong Ng will step down at the end of April, and be replaced by Chief Operating Officer Katharine Poulter.

The clothing retailer, a favourite of Princess Diana in its 1980s heyday, replaced Chief financial officer Seán Anglim and appointed Sagar Mavani in October last year.

The company has been struggling with poor performance in its home furnishings business and a decline in online sales. (Reporting by Rishika Chatterjee in Bengaluru Editing by Saumyadeb Chakrabarty Editing by Saumyadeb Chakrabarty)

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