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

Mamas & Papas profits prompt sale rumours

Maternity and kidswear retailer Mamas & Papas is expected to report a profit for the second consecutive year, paving the way for a possible sale of the business in 2017.

The firm made a £6m profit in the year to March 2016, accounts seen by The Telegraph show. Like-for-like sales are up by more than a fifth, although total sales are thought to have slipped due to store closures.

Mamas & Papas halved the number of stores it operates in the UK through a company voluntary arrangement in 2014, bringing its total here to 34. It has also cut 90 head office roles.

As well as streamlining its operations, it has recently relaunched its ecommerce site and opened a flagship store in Westfield London.

It is understood BlueGem Capital, which acquired Mamas & Papas in 2014, now wants to sell the business. BlueGem declined to comment on these reports.

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.