By Chris Bailey of Financial Orbit | Sunday 27 October 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It has been five months since I last wrote on troubled retailer Mothercare (MTC) where I observed that it was '...in all sorts of terminal problems...and good luck to anyone who wants to pick up its UK franchises'. That advice still appears to be on the money as apparently the company 'drafted in restructuring experts to assess options for its troubled UK business'. Oh dear... Start the chalking up for another win for the troubled and evolving retailer backdrop.
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