News
Mothercare to outline ELC plans
Mothercare chief executive Ben Gordon has laid out his plans to reverse the fortunes of the Early Learning Centre, as the two high street children's brands prepare for an £85m merger, reports the Telegraph.
The strategy for ELC includes international expansion, rationalisation of the British store portfolio, and a trial of ELC concessions within out-of-town Mothercare stores.
Bookshop tycoon Tim Waterstone holds a 13 per cent stake in CSH, but stands to make just £1.5m from the deal, due to £36m debt on the educational toy retailer's books and £38m of claims by preferential shareholders.
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