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Kim Hin Joo, operator of ELC and Mothercare Malaysia, is preparing for an IPO on Bursa Malaysia’s ACE Market. The move, expected to generate funding for the group’s further expansion and expenditure, will see a public issue of 76 million new shares (20 per…
UK-based baby-goods retailer Mothercare Vietnam is opening its second store, inside the newly-opened Vincom Landmark 81 in Ho Chi Minh City. Opened three months after the first store at Crescent Mall, the new 286sqm shop offers a full range of products for…
Mothercare is set to raise £32.5 million from its existing shareholders as part of a restructuring plan to secure its long-term future. The embattled retailer of baby and childrens goods has set July 27 as a deadline for raising the additional capital.…
Creditors have given the green light to the Mothercare CVA plan which will lead to the closure of 49 stores and the axing if hundreds of jobs. The company voluntary arrangement was revealed last month after the company posted a £72.8 million loss last…
Embattled UK baby goods retailer Mothercare is to close 50 stores and seek rent reductions on a further 21 as part of a plan to stay viable. The company has produced a Company Voluntary Arrangement (CVA) which also proposes axing hundreds of jobs. After…
Indian fashion portal Jabong has added American fashion brand Forever 21 to its product portfolio. It definitely will give another option for India’s shopper to check the collections of Forever 21. A selection of goods including play-in tops, dresses,…
Mothercare is in the process of a much needed turnaround strategy for its UK business that aims to bring the UK side of its proposition back to profit. After a reasonable first quarter result, the retailer has felt the effects of a tougher economic climate in…
India’s DLF Brands, which runs high-street fashion brands mall Emporio in Delhi, is quitting the luxury business. It has just shut down two of the seven stores of US fashion brand DKNY after parting ways earlier with such brands such as Giorgio Armani, Mango,…
Baby care specialist retailer Mothercare has reported a reasonable set of results for its Q1 trading, with UK sales declining by 2.1 per cent, reflecting an unsuccessful battle against unseasonable weather conditions. UK like-for-like Mothercare sales were up…
Sri Lanka’s Odel PLC (Odel) is aiming at upgrading its Ward Place Odel flagship store to improve quality of offerings to customers and plans to build a Mega Mall of 300,000 sq. feet adjoining the Odel flagship store along with car park amenities. Addressing…
Asif Ahmad, the UK ambassador to the Philippines, is one of the busiest diplomats in the country, as he leads, almost on a weekly basis, the opening of new outlets put up by dozens of British companies which are taking advantage of the rapidly growing…
Baby and maternity products retailer Mothercare is implementing warehouse platform Peoplevox in Asia, following initial success with the system in its Irish business. The vendor’s dedicated eCommerce warehouse management system is to be implemented in…
Struggling UK childrenswear idea Mothercare has reported bought worldwide gross sales and a burgeoning on-line enterprise because it recovers its mojo. Within the full yr to March 28, Mothercare says its pre-tax, underlying revenue rose 37 per cent to £13…
Babywear retailer Mothercare is to launch in South Korea. The UK-based company has entered into a franchise agreement with Homeplus, a local supermarket chain owned by Tesco, to open retail stores and an eCommerce site. South Korea becomes the 17th Asian…
