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Mothercare
Type Public (LSE: MTC)
Founded 1961
Headquarters Cherry Tree Road, Watford, Hertfordshire
Key people Ian Peacock (Chairman of the board), Ben Gordon (CEO)
Industry Retail
Revenue £676.8 million (yr to Mar 2008)[1]
Operating income £38.5 million (yr to Mar 2008)[1]
Profit £27.8 million (yr to Mar 2008)[1]
Employees 7,626 (yr to Mar 2008)[1]
Subsidiaries Early Learning Centre
Website www.mothercare.com

Mothercare plc (LSE: MTC) is a British retailer which specialises in products for expectant mothers and in general merchandise for children up to 8 years old. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

The Company was founded by the entrepreneur Selim Zilkha in 1961.[2] It was first listed on the London Stock Exchange in 1972.[2]

In 1982 it merged with Habitat[2] to form Habitat Mothercare plc and in 1986 Habitat Mothercare plc merged with British Home Stores to form Storehouse plc.[2] It bought Children's World from Boots in 1996,[3] and rebranded all of their superstores Mothercare World stores. In 2000 the Bhs stores were sold to Philip Green[3] and Storehouse reverted to the Mothercare brand.[3]

Mothercare agreed to buy the Early Learning Centre (ELC) in April 2007 for £85 million. [4]

In 2007 Mothercare launched Gurgle, a pregnancy and parenting social networking website which it owns 50 per cent of.[5]. In November 2009 Chief executive Ben Gordon announced to the London Stock exchange that the remaining 50% stake in Gurgle were acquired by Mothercare for an undisclosed amount, thus fully owning the popular social networking site for parents.

Operations

The Company operates online, on the high street and out of town, and as on november 2009 has over 1060 stores world wide with 389 stores in the UK. It also operates outside the UK, and as of November 2009 had 671 stores operating in 38 countries.[6]. in October 2009, Mothercare announced a joint venture with Delhi Land and Finance (DLF) to increase their presence in India; one of the fastest growing economies in the world with a high birth rate and affluent middle class. Along with Shoppers' Stop, DLF with partner Mothercare in setting up 100-200 stores in India in the medium term. Their new Joint venture in China will increase their stores in China to 24 by the end of the finacial year 2009.

References

  1. ^ a b c d "Annual Report 2008". Mothercare. http://mothercare.ir-group.com.akadns.net/annualreports/AR2008/report_2008.pdf. Retrieved 2008-06-26.  
  2. ^ a b c d Mothercare Chief Executive ousted after fourth profits warning in under a year
  3. ^ a b c UK Business Park:Storehouse
  4. ^ "Mothercare to buy Early Learning Centre", Reuters, April 30, 2007
  5. ^ Mothercare pre-tax profits increase tenfold, back from the brink. Baby Chums, May 22, 2009.
  6. ^ "Overseas sales boost Mothercare", BBC News, November 16, 2006

External links

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