Mothercare has offloaded its Early Learning Centre business to The Entertainer for £13.5 million to help slash its debt.
Jojo Maman Bebe has credited growth in its physical stores and an investment scheme for a surge in full-year sales and profits.
Mamas & Papas has suffered a second consecutive loss-making year.
Mothercare continues to suffer with declining sales post Christmas trading period.
Mamas & Papas is set to open its first concession in Next after striking a deal to capitalise on their strong customer overlap.
Mothercare’s revenues have crashed by over 13 per cent in the last six months as its restructuring programme fails to bare fruit.
Mothercare is has slashed around 200 jobs today as part of an ongoing restructure aimed at keeping the business from going under.
Mothercare has revealed the results of its £32.5 million equity raise strategy as part of its CVA.
Mothercare has announced it would close another nine stores as part of its CVA after it Childrens World went into administration.
Mothercare’s subsidiary Childrens World has seen proposals for a company voluntary agreement (CVA) rejected by shareholders.