Mothercare To Keep U.K. Presence Through Boots Partnership
December 13 2019 - 9:06AM
Dow Jones News
By Adriano Marchese
Mothercare PLC (MTC.LN) said Friday that it has signed a
preliminary agreement with Boots UK, part of Walgreens Boots
Alliance Inc. (WBA), in which the pharmacy chain will stock
Mothercare-branded products as early as mid-2020.
The U.K. retailer said that the proposed partnership will be for
an initial period of five years and that the terms and royalty
rates arrangements will broadly be commensurate with its current
franchisee agreements.
It said that the partnership will provide the foundations for
Mothercare's continued presence in the U.K. in which Boots will
stock and sell Mothercare-branded clothing, and home and travel
products--the latter of which includes pushchairs and car
seats.
A wider company product offer will be available in Boots stores
from late summer 2020, Mothercare said.
In early November, Mothercare said its U.K. retail operations,
including 79 stores, would enter administration.
At 1335 GMT, shares were up 1.05 pence, or 7.8%, at 14.5
pence.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 13, 2019 08:51 ET (13:51 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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