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Sainsbury’s considered Mothercare takeover

Sainsbury’s is understood to have eyed a potential takeover of struggling retailer Mothercare, it has emerged.

The supermarket giant’s deals team has been watching the troubled chain closely in recent months, the Press Association revealed.

However, it has stopped short of tabling an offer.

Mothercare announced yesterday it had hired former Tesco executive David Wood to lead its turnaround strategy, replacing Mark Newton-Jones as CEO.

Sainsbury’s and Mothercare both declined to comment.

Last month the retailer admitted it had begun talks with its financing partners, since it expects it will need “waivers of certain financial covenants” to support its strategy.

It also issued a profit warning earlier this year.

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