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.
Mothercare has revealed it is desperately looking for cash to keep its head above water and will seek investment from investors.
Mothercare’s fresh chief executive David Wood is poised to expose the troubles it faces amid its annual results next week.
Mothercare this morning revealed a 2.8 per cent drop in like-for-like sales for its final fiscal quarter to March 24.
Mothercare is reportedly mulling the possibility of entering a CVA as it looks to reduce costs by shutting 1/3 of its stores.
Embattled maternity and baby retailer Mothercare has announced that former Kmart president David Wood will become its new CEO.
Mothercare's lenders have agreed to defer the testing of its financial covenants as it continues to grapple financial turmoil.