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.
Mothercare's CVA proposals have been approved by its creditors, giving the retailer the green light to shut down almost 50 stores
Mothercare has ruled that a management buyout was “100 per cent not” an option in the future.
Mothercare has confirmed the appointment of Mark Newton-Jones as its chief executive officer.
Mothercare has laid bare its financial struggles in its annual report just hours after launching a CVA.
Mothercare is set to shut down 50 of its underperforming stores and bring back its recently-ousted CEO.
Mothercare is poised to speed up store closures in order to secure the fresh funds it desperately needs from investors.