Mothercare (GB:MTC) has released an update.
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Mothercare reported a 12% drop in worldwide retail sales to £121.2 million for the first half of fiscal year 2025, primarily due to challenging conditions in the Middle East. The company has taken strategic steps to reduce debt and enhance future growth through a new joint venture with Reliance Brands in South Asia, which is expected to open up new opportunities. Despite a significant decrease in adjusted EBITDA and profit from operations, Mothercare is optimistic about leveraging its brand and partnerships for future success.
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