Clothing & Shoes

Mothercare ups guidance but warns on impact of Russian closures

Its latest update comes a month after it announced that its franchise partner’s retail business in Russia, which includes 116 stores and online, had been suspended

Mothercare has announced that EBITDA is now expected to be in the range of £11.5m to £12m for the year ended 26 March 2022, ahead of analysts’ expectations, despite warning of the effects of the closure of its business in Russia.

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