Mothercare completes ELC deal

Babycare retailer Mothercare has agreed to buy the Early Learning Centre (ELC) for £85m.
Publish date:
Social count:

Mothercare is paying ELC's owner, Chelsea Store Holdings, £49m in shares and taking on the company's £36m debts. The combined group will have 435 UK stores and 420 franchised outlets around the world.

Mothercare said it would now "explore the opportunity to open additional international stores and extend the global reach of both brands".

It will also be looking to make savings from the combined group's UK store portfolio - Mothercare currently has 225 UK outlets to ELC's 210 - but gave no details of any potential branch closures.

Chelsea Store Holdings is owned by a consortium of Waterstone's founder Tim Waterstone, US private equity firm Rhone Capital and publisher DC Thomson.

Mothercare has recently turned around its fortunes after a three-year recovery plan that followed losses of £24.8m in 2003.



Good news for ELC

The Early Learning Centre, the educational toys chain, has nearly trebled its profits, according to accounts just filed at Companies House.


Corgi completes merger deal

Corgi International Limited has completed its merger with Master Replicas, with Michael Cookson and Jennifer Klatt of Master Replicas named CEO and CFO of the new set-up.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.