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Mothercare hires Rothschild to help secure financing

Mothercare has sped up its ongoing search for emergency funding to ensure it has a rescue plan in place before it releases its full-year results in May. The struggling maternitywear and babywear specialist is understood to have hired investment bank, Rothschild, to explore alternative financing options outside of its current lenders according to...

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Michael Kors to shutter 100-125 stores after bleak FY18 forecast

London - Michael Kors is set to close between 100 and 125 full-price stores over the next two years following a bleak full-year forecast for fiscal 2018. The US premium label announced its impending store closure on Wednesday morning amid disappointing financial results for the fiscal fourth quarter and fiscal year ended April 1, 2017. Shares in...