The firm also said Mark Newton-Jones had agreed to return as chief executive following his abrupt departure just five weeks ago.
The babycare chain has revealed it will shut 50 across the United Kingdom, as part of a rescue plan.
The plans came as the company reported a £72.8m pre-tax loss for the year to 24 March, compared to a £7.1m profit a year before - dragged into the red by costs such as restructuring, store closures and writedowns in the value of parts of the business.
Newton-Jones' replacement as CEO David Wood, a former Tesco (TSCO.L) executive, will become group managing director.
That won't be the only measure Mothercare wants to introduce; it also wants landlords of 21 other sites to agree to "material" rent reductions in a bid to dramatically cut its cost base.
Branding is seen outside a Mothercare store in Altricham, Britain, May 16, 2018.
Mothercare now trades from 137 United Kingdom stores but aims to reduce that to 78 by 2020, meaning a further nine stores would close beyond this initial programme.
"The recent financial performance of the business, impacted in particular by a large number of legacy loss-making stores within the United Kingdom estate, has resulted in an unsustainable situation for the Mothercare brand, meaning the group was in clear need of an appropriate resolution. Mothercare Ireland is a completely separate company and as a result our 15 Irish stores are unaffected by any plans in the proposal and will continue to trade as normal".
Today it announced a refinancing package worth up to £113.5 million.
"These comprehensive measures provide a renewed and stable financial structure for the business and will drive a step change in Mothercare's transformation".
That was unthinkable back then, even for me". 'The only problem is that my life has been organised for me for 23 years. That was his 176th cap for Italy - a national record - since his debut against Russian Federation in October 1997.
Although marijuana arrests dropped during de Blasio's tenure, there were still over 17,000 arrests in 2017. Cuomo, who has opposed it, said moves by surrounding states to legalize have changed the equation.
That federal law barred gambling on football, basketball, baseball and other sports nationwide except for in Nevada . Rewriting those rules and providing for consumer protections, could be a time-consuming process, Sleight said.
She told Good Morning Britain that he had health issues, and had been experiencing chest pains and suffered a heart attack. About 600 people are invited to the post-ceremony luncheon reception , which will be hosted by Queen Elizabeth II at St.
We need to make this place [Ibrox] a fortress where nobody wants to come, we need to win games, no matter who you are playing. McGregor was a part of the Hull City side that won promotion to the Premier League and featured in 147 games for the club.
The chair umpire acknowledged that she "lost" the ball mark and therefore said the point should be awarded to Sakkari. Osaka, 20, failed to convert any of her six break point opportunities, hitting 29 unforced errors to Halep's 14.
The vaccine requires storage at a temperature between -60 and -80 degrees C, tricky in a country with unreliable electricity. The experimental vaccine was shown to be highly effective in Guinea in 2015 during the deadly Ebola outbreak in West Africa.
Facebook Introduces Voice Posts And More For Stories
Nevertheless, he said: "These are features that are rolling out first in India but eventually they will be broadly available". Much like the Snapchat equivalent, the archive feature lets users privately save their Stories within the Facebook app.
U.S. imposes fresh sanctions on Hezbollah leaders
Embassy in Jerusalem has enraged the Palestinian Authority, as well as militant group Hamaz, which has ties to Iran and Hezbollah. In addition, the sanctions reject the "false distinction" between the group's political and military wings.
Feces-flinging woman attacks Langley Tim Hortons staff
Holly Largy from the Royal Canadian Mounted Police in Langley confirmed the unhygienic incident to the Abby News . While the video has no sound, it shows the woman confronting the cashier and getting more and more irate.
Microsoft formally announce the Xbox Adaptive Controller
Thankfully, Microsoft has made a new controller that will make it easier for some disabled people to finally play games again. More about the controller's genesis can be found over at Microsoft's Story Labs , and the official Microsoft Store listing .
John Legend and Chrissy Teigen welcome baby number two
We're exploring shame, narcissism and bloggers unveiled on #GirlsWithGoals Listen in on your iPhone or Android now. The couple are already parents to daughter Luna, aged two, and previously revealed they were expecting a son.
Carrick thanks Man United fans and Mourinho
United will have the chance to give their captain the ideal sending off when they take on Chelsea in the FA Cup final on May 19. That will evolve and when he wants my opinion I'm there to give it'. "I'm sure that will be the case again".
Tata Steel ties up Rs 17K cr debt for Bhushan Steel buy
It is the leading integrated steel company in India with an installed steel-making capacity of 18 million tonne per annum (MTPA). The issue has been resolved and the plant is now running at full capacity, said managing director T V Narendran.
B'desh SC grants bail to ex-PM Zia in graft case
However, Mohammad Ali apologised to the court and said: "The court can react, but the court does not allow us (lawyers) to react". The judges reportedly considered her health condition and her short jail term before granting her the bail.
YouTube Music is Here as Google's New Music Service
Now studios, and the artists they represent, can get a cut of the subscription service while you listen to music ad-free. If you're already a YouTube Red (soon to be YouTube Premium ) member, don't worry you'll still enjoy your current price.