Rolling coverage of the latest economic and financial news
Mothercare has warned it faces a “highly uncertain” future after its Middle East franchise partner revealed it was set to close most of its franchised stores across the region next year.
The troubled baby products group said it was a “heavy blow” for the firm and has now launched an urgent strategic review, adding that it has sufficient resources to trade for “a number of months”
“Whilst our recent financial performance has been resilient, this is a heavy blow to the Mothercare business and our stakeholders. We will continue to pursue discussions to restore critical mass and value for stakeholders, against this more difficult backdrop.”
“That depends on how price conditions develop. There could be various possibilities. We shouldn’t rule anything out.“
“We’re at a phase where we need to look at various data carefully. But that doesn’t mean we can move slowly. We will analyse data carefully and take timely action as needed.“
“If the renewed rise in energy costs persists, that could add further pressure to wholesale inflation and then consumer inflation. That’s something we need to look out for.“
“Financial conditions are…
“It…
“…
