Mothercare Reveals Plans To Put UK Retail Business Into Administration, Putting 2,500 Jobs At Risk

The company currently has 79 stores in the UK.
Mothercare has revealed plans to put its UK retail business into administration
Mothercare has revealed plans to put its UK retail business into administration
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Mothercare has announced plans to put its UK retail business into administration, putting 2,500 jobs at risk.

The brand – which sells parent and baby products – currently has 79 stores in the UK.

In a statement, Mothercare said it had undertaken a “root and branch review” of the company since May 2018.

Through this process, it has become clear that the UK retail operations “are not capable of returning to a level of structural profitability and returns that are sustainable,” the notice said.

“Furthermore, the Company is unable to continue to satisfy the ongoing cash needs of Mothercare UK.”

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