LONDON — A raft of costs and poor fashion sales in continental Europe dented Laura Ashley Holdings’ bottom line, forcing it to report larger-than-expected losses in the 2002 fiscal year. In a separate statement, the company also announced that its chief executive officer, Ng Kwan Cheong, had resigned and would be replaced by Ainum Mohd-Saaid and Rebecca Annapillai Navarednam, starting June 1.

Mohd-Saaid is a former attorney general in Malaysia and Navarednam was formerly chief financial officer at Corus and Regal Hotel Group plc.

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