Mothercare 
in talks over loan terms

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Mothercare is renegotiating the terms of its bank loans just seven months after it secured a £90m refinancing facility.

The news comes after a number of profit warnings and the departure of chief executive Simon Calver in February.

A source close to Mothercare said the talks were “part of a prudent approach” about giving it the flexibility to fund investment as it opens new stores and carries out trial refits.

Elsewhere in the business, loss-making stores are continuing to close as planned.

Meanwhile, it emerged over the weekend that the company was putting the squeeze on suppliers.