Mothercare swings to loss as it prepares to refinance debt

Baby products brand Mothercare has revealed it swung to a loss over the latest year as it is set to complete a refinancing of its debts after interest rates shot up.

The retailer said it was taking longer to return to pre-pandemic sales levels.

Mothercare, which sells its ranges through retail giant Boots in the UK and has franchised stores across the globe, has been working on a transformation plan for a number of years.