Laura Ashley has gone bust yet again, following its shocking fall into administration in 2016.

Kordamentha has been appointed to the Australian arm, which operates under license from Laura Ashley UK.

It will issue a call fall expressions of interest in purchasing the stock and license.

The collapse puts around 18 stores and 100 jobs under the chopping block.

The stores are located in all Australian states, with administrators seeking to discount inventory in the pre-Christmas trading period.

The fall has been blamed on rising fixed costs, competition from online retailers, tough conditions and poor capital to revive the ailing business.

Laura Ashley has traded in Australia for over 35 years and hit over 45 locations at its peak trading period.

The homewares and clothing business was founded in 1953 by Laura and Bernard Ashley with a focus on exclusive fabric prints.

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