Mothercare steps up search for rescue with hunt for new backer

Published on: 30th April 2018

Mothercare is seeking outside financing as it races to seal a rescue package by the middle of May.

The troubled chain has been working with investment bank Rothschild to explore alternative financing options beyond its current lenders, The Sunday Telegraph has reported.

Accountancy giant KPMG is handling separate discussions with HSBC and Barclays over Mothercare’s existing debt.

The retailer, which wants to have new funding in place by its full-year results on 17th May, has said talks with lenders have been “constructive”.



Where there’s a will…it’s the Friday Blog!

Hexbug details new products on show at New York Toy Fair

Kids@Play to distribute YuMe Harry Potter collectibles in UK

New Star Wars products for The Mandalorian series announced

Retail figures on the up following slow end to 2019

Warner Bros. Consumer Products opens new office in Poland

The NPD Group reports on 2019 global toy sales

Moose Toys raises £110,000 for RSPCA with Scruff-a-Luvs

Moose gears up for New York Toy Fair

Mattel unveils Olympic Games Tokyo 2020 product ranges