Embattled baby chain Mothercare plans to accelerate store closures and go cap in hand to investors as it puts the finishing touches to a major overhaul.
The troubled retailer confirmed a report by The Telegraph that it will tap shareholders for cash as part of a range of measures set to be announced alongside its annual results this week.
The business is also expected to unveil plans for a company voluntary arrangement (CVA), a type of insolvency process that allows companies to shut stores and drive down rents.
