Originally located in the social club in Carno, Montgomeryshire, in 1967 the factory moved across to the village's 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. By 1970, sales had reached £300,000 per year, and 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 a thousand 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. Two months after Laura's death in 1985, Laura Ashley Holdings plc went public in a flotation that was 34 times oversubscribed. Bernard Ashley was knighted in 1987. However, by the end of the 1980s Laura Ashley was distinctly out of fashion. Women were making inroads in the boardroom, and sharp suits and shoulder pads were at odds with everything Laura Ashley stood for. Sir Bernard's larger-than-life personality and idiosyncratic style of management meant that he fell out of favour with the City. The first of a new group of CEO's was employed, in James Maxmin, who rationalised the production and distribution system – that until then, replaced a legacy system that would route, for example, 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 gross profits since 1989, and in fiscal 1993, gross profits were expected to reach 12 million pounds. But in early April 1994, Dr Maxmin abruptly resigned from Laura Ashley, citing major differences over strategy with Sir Bernard. Laura Ashley celebrated its 40th anniversary in 1993, the same year that Sir Bernard retired as chairperson and became honorary life president. Elanbach In 2000, Sir Bernard set up