Tag : Mark Newton-Jones
Mothercare CEO and chairman step down Subscription
Mothercare has announced that its chief executive officer Mark Newton-Jones has today stepped down as part of the company’s “transformation plans”.
The Mothercare group has announced falling revenues for the 28 weeks to October 2019, but narrowed losses following the business’s administration.
Mothercare falls into administration Subscription
Mothercare’s UK business has collapsed into administration, putting 2,500 employees at risk.
Mothercare collapse lays bare limits of CVA Subscription
Mothercare’s decision to appoint administrators to its UK operation has “come as no surprise”, as it has been unable to restructure the business fast enough to cope with changing retail trends, industry experts have told Drapers.
Sales slip at MothercareSubscription
Sales at Mothercare fell in the first quarter as the mother and baby retailer completed its accelerated store closure programme.
Fashion retail's highs and lows of 2018Subscription
As this year comes to a close and a new one approaches, Drapers recaps the twists and turns in the retail industry over the past 12 months
Alongside what seems like a constant stream of company voluntary arrangements, the industry is also experiencing a flurry of people moves, and there were two surprising announcements in the last week.
Mothercare’s recently rehired chief executive Mark Newton-Jones agreed to a 20% pay cut to rejoin the firm, the retailer has confirmed.
Mothercare CVA shows 'retail is not working'Subscription
Mothercare’s plans to enter into a company voluntary arrangement (CVA) is a further warning that retailers are struggling to adapt to changing consumer behaviour, industry experts have observed.
Mothercare CEO Mark Newton-Jones has stepped down from the role and will be replaced by Kmart Holding group president David Wood.