By George Stephens •
Published: 04 Nov 2019 • 1:20
House hold retail brand Mothercare is finalising a radical restructuring plan that could see its British operations placed into administration this week,
The company, which is owned by its franchising business outside the UK, has prepared selecting administrators and put them on standby to take over its domestic division within the next few days.
If the administration process takes place this week it will be another huge blow to the uk high street and will see thousands of jobs lost across the UK.
Mothercare UK Limited has been in financial trouble for many months now as consumers have headed to the more competitive internet for their mothering products.
Placing the UK company into administration will give the administrators the opportunity to place the company for resale to a potential buyer or start the process of winding up the company into liquidation if no buyer is found for the ailing company.
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