Mothercare continues to struggle but announces fresh financing
10 hours ago · Mothercare told markets that worldwide retail sales fell by 13 per cent during the year, from £322.7m in 2023 to £280m in 2024. ... Subscribe to get the essential daily news updates from City AM ...
Mothercare eyes Asian expansion as it secures refinancing deal
11 hours ago · Mothercare has also secured a refinancing deal with Gordon Brothers to replace its £19.5m loan with a new £8m arrangement. It comes as the retailer reported 31% surge in pre-tax profits to £2 ...
Mothercare and Reliance Brands form JV for South Asia markets
7 hours ago · Fri, Oct 18, 2024, 2:23 AM PDT 2 min read. Reliance Brands Holding UK Limited (RBL UK), a subsidiary of Reliance Brands Limited, has formed a joint venture (JV) with Mothercare, a British retailer ...
Mothercare strikes £30m deal with Indian giant Reliance
1 day ago · Mothercare is closing in on a £30m deal with one of India's biggest retail groups that will provide the London-listed company with a long-awaited solution to its financial travails. Sky News has ...
UK's Mothercare partners with Reliance to strengthen South Asia ...
1 day ago · Mothercare formed a joint venture with Reliance Brands Holding UK, strengthening its presence in the South Asian region, and said it refinanced its existing debt facilities with Gordon Brothers.
Mothercare, RIL co ink deal to strengthen South Asia presence
23 hours ago · Mothercare and Reliance Brands Holding UK have formed a joint venture to manage the Mothercare brand in India, Nepal, Sri Lanka, Bhutan, and Bangladesh. Reliance Brands will acquire a 51% stake in the new entity, with Mothercare holding 49%. This agreement strengthens Mothercare's operations in South Asia. Reuters.
Reliance forms joint venture with Mothercare | YourStory
10 hours ago · Friday October 18, 2024 , 2 min Read. India's leading retailer Reliance Retail Ventures is forming a joint venture with Mothercare, a global specialist in products for parents and young children ...
Mothercare secures refinancing deal and announces joint venture
1 day ago · Mothercare has announced a refinancing of its existing debt facilities, alongside details of a new joint venture for markets in South Asia. The board of Mothercare said it has secured debt facilities of £8m with Gordon Brothers. It has also raised £16m from a joint venture for South Asia with a subsidiary of Reliance Brands, which will see ...
Reliance forms joint venture with Mothercare - India Retailing
12 hours ago · India's leading retailer Reliance Retail Ventures Ltd on Thursday announced to form a joint venture with Mothercare plc. India Retailing is the one-stop source for News, updates, intelligence ...
Mothercare secures refinancing deal as it announces drop in sales
9 hours ago · Mothercare has announced a drop in full year sales as it confirmed that it has secured a refinancing deal. In the 53 weeks to 30 March, worldwide retail sales by franchise partners fell to £280.8 million from £322.7 million in the previous year. Meanwhile, adjusted EBITDA rose to £6.9 million from a prior £6.7 million as the company swung ...