Mothercare profits slump amid uncertainty over Middle East

Mothercare reported its profits had plummeted in its latest pre-close update, which it attributed to the “continued impact of the uncertainty in the Middle East” upon its franchise partner.
The nursery specialist adjusted EBITDA for the period covering 52 weeks to 29 March came in at £3.5m, falling from £6.9m compared to the same time last year.
Retail sales via its franchise partners plunged 18% to £231m.
Mothercare explained that its Middle East franchise par