Children's World news and archive

Mothercare to close 60 stores, puts Children's World into administration

Mothercare Plc has announced that it is planning a fully underwritten equity issue to raise 32.5 million pounds (43.2 million dollars) from our existing shareholders at 19 pence per new ordinary share. The company also announced that since the CVA proposal in respect of Children's World Limited did not receive the required support from...

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Error counting Mothercare's CVA votes discovered

A mistake made during the counting of votes on whether or not Mothercare plc should go ahead with plans for a company voluntary arrangement (CVA) has not put its refinancing scheme at risk, stated the retailer on Monday. The struggling maternity and babywear specialist revealed last Friday that creditors had voted in favour of its CVA proposals...