Home / Tag Archives: mothercare

Tag Archives: mothercare

Mothercare’s sales slide further in UK and overseas

Mothercare’s losses have deepened further in Britain and overseas after the baby and mother retailer placed its UK business into administration last month. Group sales fell by 8.4 per cent to £452.3 million in the six months to October 12, as pre-tax losses widened to £21.2 million from £18.5 million …

Read More »

Mamas & Papas implements pre-pack administration to close six shops

Mamas & Papas is to close six shops and cut nearly 130 jobs, having narrowly dodged falling into full administration earlier this week. The Huddersfield-based baby and maternity retailer collapsed into administration on Friday, but was immediately bought back by the other firms controlled by Bluegem Capital, the retailer’s private …

Read More »

Mothercare staff denied redundancy pay as UK retailer collapses

Staff at the collapsed UK retailer Mothercare will receive nothing in redundancy pay, it has emerged, as the business made clear its plans to enter administration just weeks ahead of the Christmas season. Workers have instead been advised to apply for statutory redundancy by visiting the Government’s website. This follows …

Read More »

Mothercare to implement phased closure of all 79 UK stores

Mothercare made it official last night that administrators have been appointed to implement a phased closure of the retailer’s 79 UK stores, in a move that puts at risk some 2,500 jobs. A statement released just after close of business yesterday confirmed that Zelf Hussain, Toby Banfield and David Baxendale …

Read More »

Mothercare to appoint administrators for UK business putting 2,500 jobs at risk

Mothercare has detailed its intentions to appoint administrators for its UK high street business of 79 stores, after the troubled retailer lost £36.3 million last year. Conceding that its UK operation would not return to profitability, the move will now put some 2,500 jobs at risk. Administration of its UK …

Read More »

Mothercare brings in KPMG to asses new options; floats franchise idea for UK

Mothercare has brought in the restructuring experts KPMG to assess what options the retailer has for its UK business, including a potential second CVA and the sale of its business, reports have suggested. Mothercare has been trying to sell its business in the UK, but has so far not managed …

Read More »