Mothercare has explained that it is finishing off a rescue deal with its creditors after many years of falling sales and profits.
Their restructure is likely to take a company voluntary arrangement (CVA), which usually sees a retailer closing many stores and renegotiating rents to prevent it from going into administration.
Stephen Springham who is the head of retail research at property consultancy Knight Frank has been following Mothercare’s progress for around 20 years.
"What's changed is the UK baby goods market has become much more competitive," he says.
"A host of other firms are offering products at lower prices and Mothercare's range feels a bit outdated."
