Kiddicare’s shops are likely to close as new owner Endless seeks to restructure the business.
Morrisons, which sold Kiddicare to endless on Monday, has retained the liabilities relating to the 10 Kiddicare store leases and said it is “confident the £163m provision disclosed at its preliminary results in March will cover all the costs associated with its exit from the business”.
Kiddicare was run as a pure-play business before being acquired in 2011 by Morrisons, which subsequently acquired the 10 former Best Buy stores for Kiddicare, contributing to the maternity specialist reporting spiraling losses.
Kiddicare's stores to close as ex-Jessops director takes the helm
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Map: Kiddicare stores set to close