FASHION
Mothercare goes into administration
Date Posted: Wednesday 6th November 2019
Baby goods retailer Mothercare has gone into administration, putting 2,500 UK jobs at risk. Mothercare will close all of its 79 UK stores.
Administrators from PwC said that the UK firm "has been loss-making for a number of years."
Mothercare chairman Clive Whiley said there was "deep regret and sadness that we have been unable to avoid the administration of Mothercare" and that the board "fully understand the significant impact on those UK colleagues and business partners who are affected."