Unlike the BHS pension scandal, Mothercare is at least trying to find a solution for their staff before they go under. Where should SME owners start when looking for their own business pension plans?
A retail brand that once defined the ‘mother and baby’ industry, Mothercare, like a number of high-street stores, is facing mass closures just to stay afloat.
Mothercare and Carluccio’s have become the latest in an increasingly long line of high street names to propose Company Voluntary Arrangements (CVAs) involving significant site closures and rent reductions.
Mothercare, the British-founded retailer for expectant mothers and young children, has launched a new rights issue to help pay-off debt and fund the closure of a number of loss-making stores.