t
Mothercare plc announced on March 9, 2022, the suspension of all business in Russia, including product shipments. Its local partner confirmed the immediate pausing of operations in approximately 120 stores and online. Russia represented 20-25% of Mothercare's worldwide retail sales and was previously expected to contribute around £0.5 million per month to Group profit.
| Date | 9 Mar 2022 |
| Time | 07:00:10 |
| Category | Miscellaneous |
| ID | 1115E |
Mothercare plc
Statement re Russia
Mothercare announces that all business in Russia, including shipment of all products has been suspended. Our local partner has confirmed that it will be immediately pausing operations in some 120 stores and online. Russia represents around 20-25% of Mothercare's worldwide retail sales and was previously expected to contribute around £0.5 million per month to Group profit.
Investor and analyst enquiries to:
Mothercare plc Email: [email protected]
Clive Whiley, Chairman
Andrew Cook, Chief Financial Officer
Numis Securities Limited (Nominated Advisor & Joint Corporate Broker) Tel: 020 7260 1000
Luke Bordewich
Henry Slater
finnCap (Joint Corporate Broker) Tel: 020 7220 0500
Christopher Raggett
Media enquiries to:
MHP Communications Email: [email protected]
Simon Hockridge Tel: 020 3128 8789
Tim Rowntree