Mothercare store in Norwich will close
- Credit: GoogleMaps
Staff at Mothercare in Norwich face an uncertain future as it has been confirmed all its stores will close - including at the Riverside Retail Park
The new administrators of the troubled retailer has said it will close all its 79 shops in the UK, putting 2,500 jobs at risk.
It came as the mother and baby retailer revealed it is holding last-ditch talks with potential partners as it battles to keep its brand in the UK and had raised £3.2 million from shareholders.
The group is understood to be looking at options which could include finding a partner to keep the Mothercare brand alive online, or a supermarket that has space to sell Mothercare-branded products.
Mothercare said it had raised £3.2 million from a group of existing investors, including its biggest shareholder, sheep farmer and investment banker Richard Griffiths.
You may also want to watch:
In his first remarks since the crisis started on Monday, chairman Clive Whiley said British high streets were facing "a near existential problem" with high rents and customers deciding to shop online.
"Mothercare UK is far from immune to these headwinds," he said, adding it had been burning through cash.
- 1 Man in 20s drowned in Bawsey Country Park lake
- 2 Amazing photos show storms over Norfolk – and there are more to come
- 3 'I can't carry it' - Shock as plant starts growing eight inches a day
- 4 Elderly man took his clothes off at Norwich park
- 5 Man, 20, who drowned at Bawsey Pits is named
- 6 Cat food brands recalled over link to fatal disease
- 7 School shut after ceiling tile falls on to class of children
- 8 See inside the 'tiny mobile homes' built from scratch for £95,000
- 9 Norwich bar gets back licence after tearful appeal by owner
- 10 Two Norfolk villages named among most beautiful to visit in England
"It is with deep regret and sadness that we have been unable to avoid the administration," Mr Whiley added.