Mothercare
This coverage focuses on Mothercare’s business activities and strategy within the UK retail sector, including store operations, brand repositioning, licensing arrangements, and financial developments. Reporting provides insights into management decisions, market challenges, and the retailer’s efforts to remain relevant in the parenting and nursery goods market — supporting executives, managers, and professionals monitoring family-focused retail.
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Apr- 2024 -30 AprilPeople Moves
AIS names interim director of fashion, toys and sport
Associated Independent Stores (AIS) has announced the appointment of Devlin Lindeque as its interim director of fashion, toys and sports. He brings over 20 years of experience to the association, including Disney, Mothercare, and Merlin Entertainments, having led buying and design teams, as well as constructing and developing ranges across…
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Jan- 2024 -2 JanuaryNews
Babbico appoints former Mothercare head as new CEO
Baby clothing retailer Babbico has appointed former CEO of Mothercare, Dan Le Vesconte, as CEO, with effect from 1 January 2024. Le Vesconte stepped down from his previous role as CEO of Mothercare in June 2023. Prior to Mothercare, Le Vesconte held senior roles at Abercrombie & Fitch as GVP…
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Nov- 2023 -24 NovemberHigh Street
Mothercare PBT improves despite sales slide
Mothercare has revealed its profit before tax improved to £2m for the 26 week period ending 20 September, despite seeing total worldwide retail sales fall 15% to £137.2m. The company also reported that, excluding franchise partners, it reported turnover of £29m, down from £38m the previous year, while group adjusted…
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Sep- 2023 -22 SeptemberNews
Today’s news in brief-22/09/23
The Co-operative Group (Co-op) has reported £43m in underlying profits for the first half of the year, a notable improvement from the £1m loss in the prior year. This surge is attributed to efficient cost-saving measures, including annualised savings of £101m from 2022, along with further H1 2023 savings. Operational…
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22 SeptemberHigh Street
Mothercare revenues decline in FY23
Mothercare has reported that underlying profits slipped from £12m last year to £6.7m in the financial year ended 25 March, despite a 9% increase in net worldwide retail sales by franchise partners to £322.7m. As a result, the group’s net borrowing reached £12.4m in FY23, widening from £9.9m recorded at…
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Aug- 2023 -8 AugustHigh Street
Gordon Brothers mulls potential Wilko rescue deal
The investment company, Gordon Brothers, which has backed high street retailer Laura Ashley, is in talks with Wilko’s advisers at PwC about structuring a potential deal, Sky News has learned. An offer could involve Gordon Brothers providing funding to the discount retailer to implement a restructuring that would involve “significant”…
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Jun- 2023 -9 JuneHigh Street
Mothercare CEO steps down after five months
Mothercare CEO Daniel Le Vesconte has stepped down from his role with immediate effect after only five months. Vesconte joined Mothercare from Abercrombie and Fitch in January after having roles at Airwair International, owner of Dr Martens and Vans. He was the first CEO of Mothercare since 2020 after covid…
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5 JuneAnalysis
Could WHSmith secure Toys R Us’ success through concessions?
After disappearing from UK high streets and retail parks in 2018, Toys R Us has made plans to relaunch this summer across several locations, as well as in the form of concessions in WHSmith branches. The children’s toys retailer exited after falling out of favour due to strong competition from…
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May- 2023 -4 MayHealth & Beauty
Mothercare enters refinancing talks ahead of FY results
Mothercare has kicked off refinancing talks with its lender in a bid to renegotiate or refinance its debt facility amid rising interest rates, whilst welcoming “resilient” trading over the last year. The group expects to report adjusted EBITDA of £6.5m to £7m for FY23, which would be ahead of analysts’…
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Nov- 2022 -24 NovemberDepartment Stores
Mothercare appoints new CEO as profit and sales stall
Babywear retailer Mothercare has announced the appointment of Daniel Le Vesconte as group CEO as it revealed a period of tough trading for the half year up to September 2022. Le Vesconte will start his new role in the new year and brings with him a wealth of experience. He…
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