Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Liberty owner mulls Mamas & Papas deal

British maternity and babywear business Mamas & Papas could secure a £20m cash injection from Liberty owner BlueGem.

The private equity owner of the London department store has been granted a period of exclusivity to hammer out a potential deal, The Daily Telegraph has reported.

The size of the stake that BlueGem could take in the retailer in return for the cash investment is not yet known.

It is believed £12m of the potential £20m would be used to bolster business activities with the remaining £8m used to pay off a shareholder loan owed to David and Luisa Scacchetti, who founded the retailer in 1981 in Huddersfield. Mamas & Papas’ main creditor is HSBC bank.

The nursery brand returned to the black last year after reporting a £1.2m loss in 2012. It reported sales of £108m and earnings of £5m last year.

The chain has 70 stores across Britain and trades in 59 overseas markets, including Russia, China, Japan and South Korea.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.