Mothercare commences refinancing talks as global sales drop
Mothercare has reported a drop in revenue and international sales as it commenced refinancing discussions with lenders to renegotiate or refinance debt facilities.
Mothercare said the Middle East market, which makes up for 41% of the retailer’s sales, ”continued to be the most challenging, particularly in the latter part of the financial year”, while year-on-year retail sales increased in the UK and Indonesia.
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