Baby and maternity product retailer Mothercare has handed control of its businesses in the United Kingdom to international advisory and audit firm PricewaterhouseCoopers [Andrew Yates/Reuters]

Mothercare on Tuesday gave control of its loss-making units in the United Kingdom to administrators and laid out a range of steps to return to profitability, as the struggling baby products retailer fights to stay afloat in a failing UK retail sector.

The company’s UK sales have been hammered by intense competition from supermarket groups and online retailers as well as by rising costs.


UK accounting watchdog to voluntarily publish poor audit results

EU markets watchdog to scrutinise new Brexit ‘hubs’ in 2020

UK services sector stagnates as new orders fall on Brexit fears

Mothercare, which has

Read More At Article Source | Article Attribution