News Formal

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

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

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: BusinessTimes - 🏆 15. / 51 Läs mer »