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Mothercare eyes Daisy and Tom
Baby clothes and pushchairs retailer Mothercare is in talks to buy Chelsea Stores, the owner of toy chain Early Learning Centre and Daisy & Tom, for £85m, reports the Telegraph.
Mothercare confirmed yesterday that it is negotiating over a possible cash and shares deal and said: "A further announcement will be made in due course."
It is understood Mothercare sees the Early Learning Centre, which specialises in educational toys, as a good fit for its business. While Mothercare has out-of-town retail outlets as well as high street shops, Early Learning Centre only has a presence on the high street.
Chelsea Stores, which also owns children's clothes and book store Daisy & Tom, is owned by a consortium including Waterstone's bookshop founder Tim Waterstone.
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