Mothercare warns of solvency risk after franchise-store closure plans
Mothercare ($MTC-LSE) warned that its longer-term solvency is highly uncertain after its main Middle Eastern franchise partner indicated that most of its stores in the region are expected to close in 2027. The company anticipates a material reduction in its financial-year 2027–28 order book, with corresponding pressure on revenue, profit and cash flow. Management said existing resources are sufficient to continue trading for a number of months and launched an immediate review of the business mod
0