By Hugh Radojev2019-11-05T17:50:00
Mothercare’s UK arm has officially appointed administrators and will close all of its stores and offices with the loss of 2,800 jobs.
The retailer confirmed the appointment of Zelf Hussain, Toby Banfield and David Baxendale as joint administrators from PwC of Mothercare UK and its Mothercare Business Services Limited arm on Tuesday afternoon.
In a statement, Mothercare confirmed the administration would not include its profitable overseas operations, which have more than 1,000 stores in 40 countries. Mothercare’s overseas arm will continue to trade as normal.
Hussain said Mothercare’s 79 remaining UK stores would “be wound down over the coming weeks and months” and confirmed that 2,485 retail jobs and 384 head office and distribution staff would be affected.
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