Mothercare close to rescue plan that will speed store closures

Beleaguered retailer finalising restructuring package that will tap investors for more fundsMothercare is close to agreeing a rescue plan that includes raising fresh funds from investors and accelerating store closures.The struggling childrenswear and maternity retailer said it was finalising a comprehensive restructuring and refinancing package to put the business on a stable and sustainable financial footing.Continue reading...