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Published
Oct 29, 2015
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Mothercare Ireland to close three stores as it exits examinership

Published
Oct 29, 2015

Ireland’s High Court has approved the Mothercare UK franchise’s exit from its examinership process, a rescue mechanism to obtain the protection of the Court to assist the survival of a company. Mothercare Ireland, the largest retailer of maternity, baby and children’s clothes in Ireland, sought the examinership in July in a bid to restructure the business and secure its future.


Photo: Mothercare


The retailer is to continue trading at 15 stores nationwide, but will close two shops in Dublin and one in Limerick, where about 26 people are employed, due to high operating costs. According to the Irish Times, the retailer’s restructure led to a 30% rent reduction across the group’s portfolio.

The franchise said staff would be redeployed to its other stores if possible, and that it was in consultation with the workers impacted. Some 250 jobs were saved under the survival scheme though.

As part of the plan, the company’s owner, David Ward, is to invest €750,000 (about £537,000) into the business, reported the Irish Times.

During the examinership process, Mothercare Ireland, established in 1992, traded as usual. According to its latest accounts, the retailer lost €11,193 to the end of March 2014 on sales of €35.6 million. 

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