British baby products retailer Mothercare Plc said on Tuesday it plans to sell i...
People walk past a Mothercare store in Altricham, Britain, May 16, 2018. REUTERS/Andrew Yates/File Photo
The company’s sales and profit have been hammered by intense competition from supermarket groups and online retailers in its main British market as well as by rising costs. Proceeds from the transaction will be used to cut debt by about 17.5 million pounds over the next year, the company said.
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