Mothercare warns Middle East partner may close most franchised stores by 2027
Mothercare said its leading Middle Eastern franchise partner expects to close the substantial majority of franchised stores in 2027, implying a material reduction in its FY28 order book, revenues, profits and cash flows. The company has begun a strategic review and says longer-term solvency is uncertain.
Mothercare said its leading Middle Eastern franchise partner expects to close the substantial majority of franchised stores in 2027, which would imply a material reduction in the FY28 order book, revenues, profits and cash flows. The company has begun a strategic review, and longer-term solvency remains uncertain.