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Dr Martens, Gap and Mothercare have joined other leading UK retailers in a new industry initiative created by the British Retail Consortium to advance sustainability, development and quality.
Mothercare is set to axe around 200 roles from its head office in Watford as part of a restructure that will help it to achieve its £19m cost-saving target.
“We cannot be complacent as refinancing the business is just the first step of building a solid foundation for the future of the Mothercare brand,” said interim executive chairman Clive Whiley as he confirmed the company has completed the refinancing of the group.
Mothercare has raised almost 78% of its anticipated £32.5m to invest in digital and mobile from its existing shareholders and said the remaining 22% will be taken up following the placing.
From “mini-me” collections to new launches and a growing emphasis on quality, Drapers takes a closer look at the childrenswear market’s current baby boom