Mothercare appoints KPMG for crunch talks with banks

Retail chain Mothercare has appointed KPMG to advise on a refinancing of the firm as it holds crunch talks with lenders, it has emerged.

Mothercare appoints KPMG for crunch talks with banks
Tue, 20 Mar, 2018 - 17:30

Retail chain Mothercare has appointed KPMG to advise on a refinancing of the firm as it holds crunch talks with lenders, it has emerged.

The group - whose shares slumped 14% on Monday - has called in KPMG to help it secure waivers to its financial covenants as it looks at "additional sources of financing".

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