* Plans underwritten equity issue
* Also seeking new debt facilities, other capital sources
* To announce plans on Thursday (Adds detail, shares)
LONDON, May 14 (Reuters) – Britains Mothercare, the struggling mother and baby products retailer, said on Monday it would ask investors for more money as part of a major restructuring it plans to announce this week.
The firm has seen sales and profit hammered by intense competition from supermarket groups and online retailers in its main UK market as well as by rising costs.
Its shares have lost 86 percent of their value over the last year and in April it replaced Chief Executive Mark Newton-Jones with David Wood, a former Tesco executive.
Mothercare said it has been working on a comprehensive …
Read the full article at: https://www.reuters.com/article/mothercare-restructuring/update-1-britains-mothercare-to-raise-equity-as-part-of-restructuring-plan-idUSL5N1SL2IT