The U.K.’s go-to baby and toddler store is closing down.

License Global

November 9, 2019

1 Min Read
Motherhood Logo.png

PricewaterhouseCoopers (PwC), the legal firm charged with bringing the Mothercare U.K. brand into administration, has announced that the 79 retail stores in the U.K. and 1,010 overseas franchise stores will close.

With franchises overseas still seeing profit, the fall of U.K. sales placed increasing pressure on the retailer and, despite restructuring in 2018, still faced “difficult market conditions, reduced consumer spending and a fundamental change in high street retail,” according to PwC’s latest release.

“This is a sad moment for a well-known high street name. No-one is immune from the challenging conditions faced by the U.K. retail sector,” says Zelf Hussain, joint administrator, partner, PwC. “Like many other retailers, Mothercare has been hit hard by increasing cost pressures and changes in consumer spending. It’s with real regret that we have to implement a phased closure of all U.K. stores. Our focus will be to help employees and keep the stores trading for as long as possible.” 

Mothercare U.K. is marketed for sale and will be wound down in the coming months with closing down sales. International franchises are also said to be operating as normal at this time.

Read more about:

mothercareremove

About the Author(s)

License Global

License Global is the leading news source for the brand licensing industry, delivering award-winning editorial content including news, trends, analysis, and special reports about the global consumer product and retail marketplace.

Through its print edition, website, daily e-newsletter and event publications, License Global reaches more than 150,000 executives and professionals in all major markets. The magazine also serves as the official publication for the sector’s trade events, which include Licensing Expo, Brand Licensing Europe, Licensing Expo Japan, Licensing Expo Shanghai and the Licensing Leadership Summit.

Subscribe for updates directly into your inbox.

 

 

 

Subscribe and receive the latest news from the industry Article
Join 62,000+ members. Yes, it's completely free.

You May Also Like