Mothercare is a mother, baby and children’s retailer, selling products including clothing, cots and prams, hoping to establish itself as a hub for expectant parents. In 2019, Boots was named as Mothercare’s exclusive franchise partner in the UK, to stock Mothercare-branded clothing, home and travel products in larger stores and online launch. Retail Week provides news, analysis, features and opinion about Mothercare and specialist retailers.
Mothercare has posted falling sales and sliding profits as it swings to a loss during the first half.
Mothercare has reported a drop in revenue and international sales as it commenced refinancing discussions with lenders to renegotiate or refinance debt facilities.
Mothercare has posted a decline in revenue and international sales as it continues efforts to “refinance the group” and ensure “adequate and appropriate financing for the future”.
Mothercare has reported a drop in revenue and profit ahead of completing a refinancing of the business to ensure it has “adequate and appropriate” funds for the future.
Chief executive of Mothercare Daniel Le Vesconte has stepped down after just five months at the helm.
Advertisement
