Mothercare said direct payment will “remove the timing mismatch we were experiencing with the reducing in our payment terms [thereby] improving the group’s working capital requirements”. Mothercare has now completed its franchise deal with Boots for a 10-year period. Mothercare-branded clothing will be available in a “large number” of Boots stores across he UK and Ireland, as well as online. Following its administration earlier this year, Mothercare said “discussions continue with a number of parties” on the potential refinancing of the group’s debt facilities. AdvertisementIt continues to review timings for the publication of its annual results for the year to 28 March.

Source: The North Africa Journal August 20, 2020 07:30 UTC