85
Fashion Jobs
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
Published
Apr 30, 2018
Download
Download the article
Print
Text size

Mothercare sets mid-May deadline for new funding

Published
Apr 30, 2018

Mothercare is accelerating its attempt to find rescue financing with a target of mid-May to seal a deal, according to a news report at the weekend.


Mothercare



The struggling retailer has been working with the investment bank Rothschild to find alternative sources of finance apart from its current lenders, while KPMG is handling talks with those lenders (HSBC and Barclays) about its existing heavy deb load, The Telegraph reported.

The company reports its full-year results on May 17 and is believed to want to have a deal in place at that point. It said talks with lenders so far have been “constructive”.

But Mothercare's shares continue to hit rock bottom. They fell again on Friday by almost 7% to close at less than 18p each and continued to dip on Monday. That share price really illustrates the extent of the retailer’s decline. A year ago, it was as high as 132p and in July 2015 the shares were almost 284p each.

That's decline certainly justified Sainsbury's in not making a bid for the company – with recent rumours that it had considered taking it over – but the question still remains as to whether the retailer will be able to turn around its business in its current form. 

Still-new CEO David Wood has a huge task on his hands and industry watchers continue to believe that a Company voluntary arrangement (CVA) is likely.

Copyright © 2024 FashionNetwork.com All rights reserved.