More than 2,000 jobs at risk as Mothercare announces administration plans for UK business
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The retailer, which employs around 2,500 staff, filed a notice of intent to appoint administrators for the UK business yesterday.
Mothercare UK slumped to a £36.9million loss in the financial year to March 2019, as it has struggled amid a period of turmoil.
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Hide AdThe global Mothercare group said it has undertaken a review of the UK business and found that it is "not capable of returning to a level of structural profitability".
It is therefore unable to satisfy the cash needs of the UK arm and filing the notice as part of the restructuring and refinancing process.