Mothercare launches CVA and rehires ousted Newton-Jones
Mothercare will swing the axe on more than a third of its stores through a Company Voluntary Arrangement (CVA) and has rehired ousted boss Mark Newton-Jones to spearhead the restructure.
The struggling babycare firm, which lined up David Wood to succeed Newton-Jones as chief executive just five weeks ago, has reneged on its plans and reappointed the former boss.
Newton-Jones was shown the door in early April by chairman Alan Parker, who has himself since left the business.
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