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Mothercare Says Recapitalisation On Track, CEO To Leave
Lombard Odier Asset Management (Europe) Discloses 11.92% Stake In Mothercare As Of Dec 17, Versus Previous Stake Of 15.60%- Filing
Mothercare Enters Into Partnership Agreement With Boots UK
Mothercare plc is a retailer for parents and young children. The principal activity of the Company is to operate as a specialist omni-channel retailer, franchisor and wholesaler of products for mothers-to-be, babies and children under the Mothercare and Early Learning Centre brands. The Company's operating segments include the UK business and the International business. The UK business segment includes the United Kingdom store and wholesale operations, catalogue and Web sales. The International business segment includes the Company's franchise and wholesale revenues outside the United Kingdom. Its clothing and footwear product includes ranges for babies, children and maternity wear; home and travel includes pushchairs, car seats, furniture, bedding, feeding and bathing equipment, and toys are mainly for babies. It operates in the United Kingdom through its stores and direct business, and across the world in over 60 countries through its international network.
Cherry Tree Road
Clive Peter Whiley
Interim Executive Chairman of the Board
Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director
Global Human Resources Director
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Mothercare Plc <MTC.L> said on Friday it had agreed to supply baby care and other products exclusively to Boots UK stores, keeping its goods on British shelves after the collapse of its retail network in its home market.
Mothercare Plc said on Friday Boots UK, owned by U.S.-based Walgreens Boots Alliance, will become its new exclusive franchisee partner and stock the struggling retailer's brand of clothing, home and travel products.
(This story corrects headline, paragraph 4 in December 10 story to remove reference to going concern risk.)
Mothercare Plc reported lower first-half sales on Tuesday.
Mothercare is set to close all its British stores with the loss of at least 2,500 jobs after its domestic operations buckled under the weight of the pressures plaguing the retail sector.
London's FTSE 100 joined a global stocks rally on Monday driven by rising hopes of a U.S.-China trade deal, while baby products retailer Mothercare sank to a record low after appointing administrators for its UK operations.
Struggling British baby products retailer Mothercare Plc <MTC.L> said on Friday its annual underlying pretax profit would not grow, as it grapples with an uncertain and volatile home market along with fragile consumer confidence.
Struggling British baby products retailer Mothercare Plc said on Friday its annual underlying pretax profit would not grow as it grapples with an uncertain and volatile home market along with fragile consumer confidence.
Mother-and-baby goods group Mothercare Plc is in talks to sell or franchise its UK store operations, Sky News reported on Thursday.
Mothercare saved more money than expected last year from the store closures on which it has pinned its recovery hopes, helping it cut net debt by 84% to 6.9 million pounds.
Britain's main index firmed on Friday, helped by strong gains in mining heavyweights, while retailer Mothercare jumped after it reported a narrower annual loss and a lower debt burden.
Embattled UK retailer Mothercare Plc racked up another 67 million pounds in pre-tax losses in the year ending 2018 as it completed a programme of store closures that its leadership believes will put the company on a more solid financial footing.
Baby products retailer Mothercare Plc said on Thursday it would delay unveiling full-year results by one day due to the complexity surrounding its restructuring, store closures and divestments.
The pace of falls in like-for-like store sales at baby products retailer Mothercare Plc eased slightly in the final quarter of its 2019 fiscal year, but the company said British and international market conditions remained challenging.
Baby products retailer Mothercare Plc said on Thursday that quarterly UK like-for-like sales fell 8 percent and it expects its British and some international market conditions to "remain challenging".
British baby products retailer Mothercare Plc said on Tuesday it plans to sell its educational toy brand ELC to Teal Brands Ltd for 13.5 million pounds as it looks to cut debt, sending its shares up 6 percent.
British baby products retailer Mothercare plc said on Tuesday it plans to sell its educational toy brand to Teal Brands Ltd for 13.5 million pounds ($17.85 million) as it looks to cut debt.
Mothercare Plc's third-quarter group sales slipped 18 percent on lower online sales of baby products and fewer discounts, which led to a double digit dip in UK like-for-like revenue.
Struggling British baby products retailer Mothercare <MTC.L> said it would trade from fewer than 80 UK stores by April next year as it shrinks its portfolio as part of a plan to stay in business.
Struggling British baby products retailer Mothercare reported a wider first-half loss on Thursday, reflecting another slump in underlying sales in its home market.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.