Mothercare to bring back Mark Newton-Jones as CEO
7 days ago - By Fashion United
Putting media speculations to rest, Mothercare has confirmed measures to refinance its business and restructuring of its UK store portfolio. The company said that the comprehensive debt and equity refinancing will provide funding of up to 113.5 million pounds. The UK restructuring measure will see Mothercare exit from 50 stores by June 2019 to achieve a targeted estate of 78 stores by 2020. The company also confirmed Mark Newton-Jones is returning as Chief Executive Officer and that the current CEO David Wood has been named the Group Managing Director.
Commenting on today's refinancing and...
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Mothercare launches CVA as Newton-Jones returns
7 days ago - By Drapers
Ousted Mothercare CEO Mark Newton-Jones is set to return to the retailer, as it announced the closure of 50 stores as part of a company voluntary arrangement .
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