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Mothercare close to revealing rescue plan

Mothercare has said it is finalising a "comprehensive" reorganisation and refinancing of its business.

The mother and baby products retailer intends to announce the plan on 17 May when it releases annual results.

The reorganisation is likely to be a company voluntary arrangement (CVA), which typically results in retailers closing stores and renegotiating rents, in return for fresh financing.

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BBC News

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