Franchised Mothercare stores across the Middle East and North Africa (Mena) will not be affected by the roots-and-branch restructuring of the UK parent company announced on Thursday.
The announcement from Mothercare in the UK has no impact on stores in the Middle East, said a spokesperson for Kuwait-based Alshaya Group, which operates the Mothercare franchise in the region.
The baby products retailer in the UK said it will close 50 stores as part of a rescue plan following years of losses a move that puts 800 jobs at risk. Its earnings plummeted to a pre-tax loss of £72.8 million pounds (Dh361m) in 2017, from £7.1m profit the previous year. The UK business has not turned …
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