We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mothercare to appoint administrators for UK chain
worldtraveller
Posts: 14,013 Forumite
Mothercare is to appoint administrators for its UK high street chain, putting 2,500 jobs at risk.
The mother-and-baby-goods retailer said its UK retail operations, which comprise 79 stores, lost £36.3m last year and after a review it had become clear that the business would not return to profitability.
The move does not include Mothercare’s profitable overseas business, which has more than 1,000 stores in more than 40 countries. Mothercare said the UK administration filing was a “necessary step in the restructuring and refinancing of the group”.
The Guardian
The mother-and-baby-goods retailer said its UK retail operations, which comprise 79 stores, lost £36.3m last year and after a review it had become clear that the business would not return to profitability.
The move does not include Mothercare’s profitable overseas business, which has more than 1,000 stores in more than 40 countries. Mothercare said the UK administration filing was a “necessary step in the restructuring and refinancing of the group”.
The Guardian
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards