Mothercare's UK business to go into administration with 2,500 jobs at risk; international business still profitable

📆 04-11-19 15:34:00
📰 The Straits Times

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

LONDON (REUTERS) - Struggling baby products retailer Mothercare is set to appoint administrators to its loss-making British business, putting about 2,500 jobs at risk and dealing yet another blow to the country's beleaguered retail sector.. Read more at straitstimes.com.

LONDON - Struggling baby products retailer Mothercare is set to appoint administrators to its loss-making British business, putting about 2,500 jobs at risk and dealing yet another blow to the country's beleaguered retail sector.

The group also has a profitable international business, with over 1,000 stores in over 40 territories. "Furthermore, the company is unable to continue to satisfy the ongoing cash needs of Mothercare UK," it said. Notices of intent to appoint administrators give companies protection from creditors for 10 days before potentially tipping them into administration.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Écrire un Commentaire

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hong Kong: Stocks end sharply higher[HONG KONG] Hong Kong stocks started the week with stiff gains Monday, following a strong US jobs report, with buying also supported by optimism over the China-US trade talks. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »