Struggling childrens goods retailer Mothercare has become the latest UK high street chain to agree a lifeline deal with its creditors as the consumer downturn and the rise of online commerce piles the pressure on traditional shops.
Following similar moves by floorings retailer Carpetright and fast fashion seller New Look, Mothercare has entered into a company voluntary arrangement a type of restructuring designed to keep businesses out of formal insolvency proceedings and allow more room to negotiate store closures and rent reductions with landlords.
Mothercare, which has long been closing its least success…
Read the full article at: https://www.ft.com/content/1895b496-599b-11e8-bdb7-f6677d2e1ce8