Troubled Mothercare silent over future of five Northern Ireland stores

The boss of Mothercare in the UK returned to work today but with a £132,000 pay cut

Mothercare also said it was re-hiring the chief executive it sacked just weeks ago as part of a wide-ranging shake-up.

The company is not officially identifying which stores are set for closure, although staff have been told. He spent four years attempting to turn the business around, but was ousted by non-executive chairman Alan Parker who retired last month.

In a statement yesterday Mothercare said: "Of course we regret having to close stores and the impact this will have on colleagues".

Newton-Jones's replacement as CEO - former Tesco executive David Wood - will become group managing director.

Managing director Jonathan Ward said the United Kingdom developments will have no impact here.

"Mothercare Ireland is a completely separate company and, as a result, our 15 Irish stores are unaffected by any plans in the proposal and will continue to trade as normal".

BABYWEAR retailer Mothercare has announced plans to shut 50 of its United Kingdom stores.

Mothercare Ireland is one of the original partners of the Mothercare International Group, and is now the fifth-largest partner in the world.

The retail giant will close the branches as part of a company voluntary agreement (CVA) after picking up a £72.8m pre-tax loss over the past year. Its Belfast city centre store had previously closed. The new plan would see it trade from 78 United Kingdom stores by 2020.

The babycare retailer has struggled financially in recent years and say they have a 'large number of loss making stores'.

Other local stores in Doncaster and at Crystal Peaks in Sheffield are both in the closure category on the list, which also shows that the retailer is looking to secure a rent reduction from the landlord at its Meadowhall store.

Mr Newton-Jones owns around 733,576 shares in Mothercare worth £197,918.

"These comprehensive measures provide a renewed and stable financial structure for the business and will drive a step change in Mothercare's transformation". The UK business has not turned a profit since 2012.



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