Mothercare (GB:MTC) has released an update.
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Mothercare has reported a profit of £3.3 million for the 2024 financial year, marking a turnaround from last year’s loss. Despite a 13% drop in worldwide retail sales, the company is optimistic about future growth following a new joint venture with Reliance Brands in South Asia and a refinancing deal aimed at reducing debt. The partnership is expected to enhance Mothercare’s brand value and open new growth opportunities.
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