The baby and maternity-wear retailer Mothercare has announced plans to put its UK retail business into administration, putting hundreds of jobs and 79 stores at risk.
The company said it will file a notice of intent to appoint administrators for the business later on Monday.
The news comes after Mothercare UK slumped to a £36.9m loss in the financial year to March, as it has struggled amid a period of turmoil for high street retailers.
Mothercare’s British operations, Mothercare UK Limited, is a small part of its overall group sales.
In recent times, Mothercare has transformed itself into an international franchising group and trades from 1,000 stores in about 50 countries.
Accountancy firm KPMG had been brought in to look at all the options available to the Mothercare Group for its UK business, but today it decided to file for administration.
Via Metro / The Independent / Daily Mail
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