Mothercare (GB:MTC) has released an update.
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Mothercare has successfully refinanced its existing debt facilities with Gordon Brothers, securing £8 million in new funding and reducing its interest costs significantly. The move, alongside a £16 million investment from Reliance Brands, strengthens Mothercare’s financial position and enhances its operational flexibility. This strategic restructuring allows the company to focus on future growth opportunities, despite challenges in its Middle East operations.
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