TL;DR
Mothercare, a British baby and toddler specialist, is exploring financing options to stay afloat, with KPMG advising on restructuring and HSBC consulted on funding limits. The company has over 1,000 international franchises and 140 UK-based stores.
The long-established British baby and toddler specialist Mothercare is thought to be looking at various financing options in order to stay afloat.
KPMG is advising on restructuring and HSBC bank has been consulted about funding limits. This follows a disappointing rate of increase for online sales for the company which was founded in 1961 by James Goldsmith and Selim Zilkhar.
Mothercare has more that 1,000 international franchises and 140 UK-based stores.
In this story
This story was originally published by Global Franchise Team in Global Franchise on April 9, 2018. Burnaze summarizes and links to the original reporting.
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