PxPixel
Mothercare in talks to sell Early Learning Centre - ToyNews

Mothercare in talks to sell Early Learning Centre

The mother and baby specialist retailer has hired Lazard to advise on 'cut-price' sale of pre-school business
Author:
Publish date:
mothercarelogo.gif

Mothercare is in discussions to sell its pre-school toys and products business, Early Learning Centre.

The mother and baby specialist retailer has hired Lazard to advise the firm as it holds talks with several parties on a 'cut-price' sale of ELC, reports Retail Week.

It was reported last week that Tesco was eyeing up the business to help refresh its supermarkets, however the supermarket giant has since put these plans on hold.

Mothercare issued a profit warning at the beginning of this month due to the 'highly promotional' trading environment over Christmas.

For the 12 weeks to January 4th, the firm's worldwide network sales fell 4.4 per cent and group reported sales down 6.1 per cent.

Total UK sales dropped 9.9 per cent in the period and UK like-for-like were down 4 per cent.

Related

Featured Jobs

Roaddahl_job_logo_final

JUNIOR GRAPHIC DESIGNER

Roald Dahl | Marylebone, London | Salary Dependent on experience | Contract 6-month FTC | 5-day week, Monday to Friday | Start ASAP

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.