Buzz People

All Mothercare UK stores to close

Troubled baby goods retailer Mothercare has called in administrators, putting 2,500 UK jobs at risk.
There will be a phased closure of all of its 79 UK stores, administrators from PwC said.
The UK firm "has been loss-making for a number of years", but international franchises are profitable, PwC said.
On Monday the baby goods firm said it was "not capable" of being sufficiently profitable and that it had failed to find a buyer.
Joint administrator Zelf Hussain said: "This is a sad moment for a well-known High Street name," adding that Mothercare "has been hit hard by increasing cost pressures and changes in consumer spending."
"It's with real regret that we have to implement a phased closure of all UK stores. Our focus will be to help employees and keep the stores trading for as long as possible," Mr Hussain said.

https://www.bbc.co.uk/news/business-50309542
 
Register Now