Mothercare is close to agreeing a rescue plan that includes raising fresh funds from investors and revamping its store portfolio.
The company said it was finalising a comprehensive restructuring and refinancing package to put the business on a stable and sustainable financial footing.
We are in the final stages of detailing these restructuring plans alongside new committed debt facilities, an underwritten equity issue and access to other sources of capital, it said.
Its new chief executive, David Wood, who was parachuted into the job last month, will provide further details on Thursday alongside the groups full-year results.
Maplin, Toys R Us and Jacques Vert have all collapsed in recent weeks, but a raft of retailers and…
Read the full article at: https://www.theguardian.com/business/2018/may/14/mothercare-shareholders-cash-rescue-plan