NEWS

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”.

 

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