High Street
Mothercare secures refinancing deal amid Asia expansion plans
The news of the refinancing and joint venture comes as Mothercare reported a 31% jump in profits before tax to £2.9m for the year to 30 March, despite sales falling 23% to £56.2m
Mothercare has agreed a deal that will see it refinance its existing debt facilities with investment firm Gordon Brothers, whilst forming a new joint venture with Reliance Brands UK that will see it expand into Asia.
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