The company is said to have put administrators on standby and is finalising a restructuring plan.
This could mean administrators could be called in to its domestic division as soon as this week, according to Sky News.
Any such move would not directly affect its publicly quoted parent company, which is in deep talks with lenders over a refinancing deal to secure its future trading.
Any restructuring or insolvency of the firm could plunge thousands of employee's jobs into doubt.
All the company's 2,500 workers in the UK are facing redundancy if no buyer can be found through the administration process.
It could lead to shop closures and a push for a new buyer for the UK arm of the business.
Mothercare's British operations, Mothercare UK Limited, is a small part of its overall group sales.
In recent times, Mothercare has transformed itself into an international franchising group and trades from 1,000 stores in about 50 countries.
source https://www.ladunliadinews.com/2019/11/mothercare-uk-in-crisis-might-lay-off.html
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