list of references but its sources remain unclear because it has insufficient inline citations . please help to improve this article by introducing more precise citations . october 2011 learn how and when to remove this template message laura ashley shop hong kong laura ashley plc lse aly is a welsh textile design company now controlled by the mui group of malaysia . it was founded by bernard ashley an engineer and his wife laura ashley in 1953 then grew over the next 20 years to become an international retail chain . sales totalled over 276 million in 2000 . its products can be described as quintessentially english . 1 contents 1 origins 2 expansion 3 retail shops 4 public company 5 mui asia takeover 6 references 7 external links origins edit after world war ii bernard ashley met welsh secretary laura mountney at a youth club in wallington london . while working as a secretary and raising her first two children part time she designed napkins table mats tea towels which bernard printed on a machine he had designed in an attic flat in pimlico london 2 the couple had invested 10 in wood for the screen frame dyes and a few yards of linen . laura s inspiration to start producing printed fabric came from a women s institute display of traditional handicrafts at the victoria & albert museum . when laura looked for small patches carrying victorian designs to help her make patchworks she found no such thing existed . here was an opportunity and she started to print victorian style headscarves in 1953 . audrey hepburn inadvertently sparked the growth of one of the world s most successful fashion and home furnishing companies . hepburn appeared alongside gregory peck in the 1953 film roman holiday wearing a headscarf . as such a fashion icon she instantly created a style that became popular around the globe . the ashleys scarves quickly became successful with stores retailing both via mail order and high street chains such as john lewis . from 1953 bernard left his city job and the couple began to expand the company named bernard ashley fabrics . laura designed the prints and bernard built the printing equipment so forging a complementary partnership that was to give the company its unique strength throughout the years . laura remained in charge of design until shortly before her death while bernard handled the operational side . employing staff to cope with the growth of sales the company name was changed to laura ashley because bernard felt a woman s name was more appropriate for the type of products . expansion edit the new company moved to kent in 1955 but the business was nearly wiped out in 1958 when the river darent overflowed leaving equipment dyes and fabrics floating in three feet of water . turnover rose from 2 000 to 8 000 in 1960 which left them looking for new premises . as the new m1 motorway had just been built laura suggested wales as there was lots of space and driving up the new road one weekend found a suitable house and shop available for a sum below their residual savings in machynlleth powys . the family moved to wales in 1961 just after the birth of their third child . the first shop opened at 35 maengwyn street which still today trades as an interior design shop and the laura ashley association is commemorated by a small plaque . the family lived above the shop for 6 years before moving to carno montgomeryshire . the ashley s first welsh factory was originally located in the social club in carno ; in 1967 the factory moved across to the village s former railway station . these were crucial times in the development of the company . bernard had developed his flat bed printing process to produce 5 000 metres of fabric per week and in 1966 laura produced her first dress for social rather than work attire . the long length silhouette became the laura ashley trademark . it also was to work successfully in the company s favour as fashion switched from the mini to the maxi skirt at the end of the 1960s a newspaper suggested that by donning a laura ashley number women could look as beautiful as katharine ross in the film butch cassidy and the sundance kid . 1970s laura ashley dresses on display in the fashion museum bath in 2013 . retail shops edit the first shop under the laura ashley name opened in pelham street south kensington in 1968 with additional shops opened in shrewsbury and bath in 1970 . in one week alone london s fulham road shop sold 4 000 dresses which resulted in the new factory in newtown montgomeryshire . it was the opening of the paris shop in 1974 which was the first to feature the distinctive green frontage and stripped wooden interior ; and in the same year the first usa shop opened in san francisco . a licensing operation led to the opening of department store concessions in australia canada and japan from 1971 onwards . by 1975 turnover was 5million per year and the company employed 1 000 people worldwide . laura turned down the offer of an obe she was upset bernard had not been offered one but a queen s award for export was accepted in 1977 . turnover reached 25 million in 1979 and a range of perfume was launched . the addition of a home in france enabled laura to go back to her roots of fabric design and the company launched its home furnishings collections . public company edit two months after laura ashley s death in 1985 laura ashley holdings plc went public in a flotation that was 34 times oversubscribed . the 1980s saw the knighthood of sir bernard ashley and the launch of additional child and home furnishings ranges . in the early 1990s laura ashley plc was suffering from a combination of over expansion of its retail outlets and dependence on what had become an overly complex and costly outsourced network of manufacturers . in 1991 american james maxmin ph.d. became the ceo at laura ashley after pressure on the autocratic sir bernard . over the next two and a half years dr. maxmin led a series of changes fixing problems in manufacturing and logistics that foreshadowed principles of his later book the support economy co authored with his wife harvard business school professor shoshana zuboff . for example he entered into a strategic alliance with fedex forming a sort of proto federation aimed at improving distribution for close to 500 laura ashley stores . the alliance was established as a 10 year partnership but it was relatively open ended premised on trust . the objective was to be able to supply 99 percent of laura ashley s merchandise to customers anywhere in the world within 48 hours . the alliance replaced a legacy system that would route a t shirt manufactured in hong kong to a warehouse in newtown wales before sending it to a retail store in japan . in 1992 dr. maxmin led laura ashley to its first profits since 1989 and in 1993 profits were expected to reach 12 million . but in early april 1994 dr. maxmin abruptly resigned from laura ashley citing major differences with sir bernard over strategy . 3 laura ashley plc. celebrated its 40th anniversary in 1993 the same year that sir bernard retired as chairman and became honorary life president . the ashley family retain an interest in the business and its development . the launch of a children s range and a furniture range helped deflect the looming crisis but by 1997 after a torrid few years and numerous chief executives the company was in serious financial difficulties . mui asia takeover edit in may 1998 mui asia limited became a major shareholder in laura ashley holdings plc and under the new management this world famous international brand was back in profit . rescued from the receivers in 1998 58 per cent of the shares are believed to be controlled directly or indirectly by the company s chairman dr khoo kay peng . 4 but the company failed to capitalise on its trademark look probably due to employing its 11th chief executive in 14 years . it closed its flagship store on london s regent street in late 2005 because of rent increases and in march 2005 it launched a 28m lawsuit against l or al which manufactured the laura ashley perfumes . at christmas 2004 the chain parted company with couture designer alistair blair who had previously designed for dior and givenchy . ms lillian tan who has been chief executive since january plans to reduce fashion from 22 per cent of sales to 14 per cent this year with stores cutting back the space they give to clothes in favour of home furnishings now the most profitable part of the business . the laura ashley brand is now represented in the usa largely through licensing agreements . all of its stores there have now closed and the business as a whole is separately owned from that of its parent company in the uk . the company was criticised in 2009 for price discrepancies which meant irish customers were charged more than their uk counterparts for the same items . 5 references edit funding universe . company histories & profiles laura ashley holdings plc. copestake and mounteney newsletter 2 www.thesupporteconomy.com about authors the scotsman reilly jerome 4 october 2009 . price is not right at laura ashley outlets . irish independent . retrieved 6 january 2011 . external links edit laura ashley company requires macromedia flash funding universe article on laura ashley plc retrieved from https en.wikipedia.org w index.php title laura ashley plc & oldid 724061932 categories design companies of the united kingdomclothing companies of the united kingdomcompanies based in powyshidden categories articles lacking in text citations from october 2011all articles lacking in text citations navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload 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