{"id":162499,"date":"2019-11-08T16:03:47","date_gmt":"2019-11-08T16:03:47","guid":{"rendered":"https:\/\/www.theindustry.fashion\/mamas-papas-closes-stores-after-collapsing-into-administration\/"},"modified":"2021-08-12T14:05:16","modified_gmt":"2021-08-12T14:05:16","slug":"mamas-papas-closes-stores-after-collapsing-into-administration","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/mamas-papas-closes-stores-after-collapsing-into-administration\/","title":{"rendered":"Mamas & Papas closes stores after collapsing into administration"},"content":{"rendered":"
Mamas & Papas has collapsed into administration with six store closures, just days after rival Mothercare went bust.<\/strong><\/p>\n <\/p>\n The retailer has made 73 staff redundant with immediate effect<\/strong> and has put 54 further jobs at risk within its head office.<\/p>\n Bluegem Capital, which has owned the business since 2014, has bought the company assets through a pre-pack administration which will cut some of its financial liabilities.<\/p>\n Mamas & Papas said its unprofitable stores in Aberdeen, Preston, Milton Keynes, Lincoln, Leamington and Fareham<\/strong> closed on Friday as a result.<\/p>\n The administration, conducted by Deloitte, came after it was put under pressure as its shoppers moved online and high street footfall continued to decline.<\/p>\n The company, which had 27 stores and three concessions,<\/strong> said its remaining stores will continue to trade as normal, as well as its digital, wholesale and concession arms.<\/p>\n However, it has announced plans to \u201csimplify\u201d operations at its head office in Huddersfield<\/strong>, which could lead to further job losses.<\/p>\n It was founded in 1981 in Huddersfield by David and Luisa Scacchetti<\/strong> and rapidly grew but was bought by Bluegem after a restructuring process five years ago.<\/p>\n Riccardo Cincotta, executive chairman of Mamas & Papas, said: \u201cThese actions are always difficult but they are also necessary<\/strong> in a challenging market to ensure Mamas & Papas achieves its considerable future potential.<\/p>\n \u201cWe remain fully focused on maintaining our position as the UK\u2019s most popular nursery brand.<\/strong><\/p>\n \u201cWe will continue to review our store portfolio in the light of customers\u2019 changing behaviour and we remain fully committed to an omni-channel offering<\/strong> that reflects their evolving needs.\u201d<\/p>\n The retailer said all customer orders, including outstanding orders placed with the closed stores, are unaffected<\/strong> by the administration and will be \u201cdelivered on time without disruption\u201d.<\/p>\n Marco Capello, managing partner at Bluegem Capital, said: \u201cAs long-term owners of the business, we remain fully committed to supporting Mamas & Papas<\/strong> on its growth journey.<\/p>\n \u201cThe business now has a solid platform from which to achieve this ambition,<\/strong> so we can look forward to the future with confidence.\u201d<\/p>\n Rival Mothercare collapsed on Monday,<\/a> leading to the closure of its 79 stores and loss of 2,800 jobs.<\/p>\n The pair are the most recent casualties of the downturn on UK high streets which has seen a raft of administrations in 2019.<\/p>\n Clare Boardman, joint administrator at Deloitte, said: \u201cMamas & Papas (Retail) Limited has been seeking to address challenges that many bricks and mortar retailers<\/strong> are currently experiencing on the high street.<\/p>\n \u201cThe successful sale has enabled Mamas & Papas\u2019 retail portfolio to be streamlined while ensuring employment continues for 506 staff,<\/strong> although unfortunately not all jobs could be saved.<\/p>\n \u201cWe would like to thank all employees for their ongoing support at this time.\u201d<\/p>\n The administration is the second retail failure for Bluegem, which was the previous owner of Jack Wills<\/strong> before it collapsed into administration<\/a> and was bought by Mike Ashley\u2019s Sports Direct in August.<\/p>\n","protected":false},"excerpt":{"rendered":" […]<\/p>\n","protected":false},"author":68,"featured_media":151705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[13267,15459,10822,9954,11025,15458,15457,4637,11455],"acf":[],"yoast_head":"\n