Advent Interest In Mothercare Bid Falters

Written By Unknown on Kamis, 22 Mei 2014 | 00.11

By Mark Kleinman, City Editor

One of the City's biggest private equity firms has been mulling a takeover bid for Mothercare, the struggling high street chain.

Sky News understands that Advent International, an experienced investor in the retail sector, has been examining an approach to Mothercare for several months.

Sources close to the retailer said that it had had no discussions with Advent, and there were suggestions on Wednesday that Advent might no longer be actively looking at making an offer for the business.

Mothercare has been the subject of perennial bid speculation, particularly since the sudden departure in February of its chief executive, Simon Calver.

Mr Calver, a former boss of Lovefilm, was ousted after dire Christmas trading triggered a massive profit warning.

The company subsequently appointed Mark Newton-Jones, who previously ran Shop Direct, as its interim chief executive.

Mothercare is due to announce full-year results on Thursday, but is not expected to update the City on the process to name a permanent boss.

Shares in Mothercare were up about 2% on Wednesday, giving it a market capitalisation of although they have fallen approximately 60% during the last year.

Advent, which previously owned Poundland, the discount retailer, and Mothercare both declined to comment.


Anda sedang membaca artikel tentang

Advent Interest In Mothercare Bid Falters

Dengan url

http://kerjasendirianda.blogspot.com/2014/05/advent-interest-in-mothercare-bid.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Advent Interest In Mothercare Bid Falters

namun jangan lupa untuk meletakkan link

Advent Interest In Mothercare Bid Falters

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger