THE RETAIL BULLETIN - The home of retail news
HOME
VIRTUAL EVENTS
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Retail News
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Mamas & Papas closes six stores as part of pre-pack administration

Mamas & Papas has gone into administration and closed six stores. The move has resulted in 73 staff members being made redundant and comes just a… View Article

GENERAL MERCHANDISE

Mamas & Papas closes six stores as part of pre-pack administration

Mamas & Papas has gone into administration and closed six stores.

The move has resulted in 73 staff members being made redundant and comes just a few days after  the collapse of fellow baby products retailer Mothercare.

Bluegem Capital, which has owned the company since 2014,  has subsequently bought Mothercare’s assets through a pre-pack adminstration.

Richard Cincotta, executive chairman of Mamas & Papas, said: “These actions are always difficult but they are also necessary in a challenging market to ensure Mamas & Papas achieves its considerable future potential.”

Mamas & Papas said it will also be reviewing and simplifying operations at its Huddersfield head office and that this could lead to a further 54 redundancies.

The stores closed include unprofitable sites in Aberdeen, Fareham, Leamington, Lilncon, Milton Keynes and Preston. The company’s online business and  remaining stores will continue to trade as normal.

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News