Mothercare has announced plans put its retail business into administration, threatening 2,500 jobs, according to Huffpost
The brand which sells parent and baby products currently has 79 stores in the UK.Â
In a statement, Mothercare said it had undertaken a root and branch review of the company since May 2018.
Through this process, it has become clear that the UK retail operations are not capable of returning to a level of structural profitability and returns that are sustainable, the notice said.
Furthermore, the Company is unable to continue to satisfy the ongoing cash needs of Mothercare UK.
