Mamas & Papas Has Gone Into Adminstration
We’re very sad to share this news… In the same week as Mothercare going into Administration, Mamas & Papas has followed suit.
73 staff have been made redundant with immediate effect, and 54 Head Office jobs are at risk.
Mamas & Papas have today announced their collapse amid similar woes experienced by other high street chains, Mothercare being a recent example. We’re so sad to see this happen to such a reliable and well known company! Bluegem Capital (who has owned the company since 2014) has bought the company assets back through a ‘pre-pack admistration’ whereby financial liabilities will be cut, hence the redundancies and closure of six stores.
Mamas & Papas chief executive Riccardo Cincotta has said:
“These actions are always difficult but they are also necessary in a challenging market to ensure Mamas & Papas achieves its considerable future potential. We remain fully focused on maintaining our position as the UK’s most popular nursery brand. We will continue to review our store portfolio in the light of customers’ changing behaviour and we remain fully committed to an omni-channel offering that reflects their evolving needs.”
We’re so very sorry to all of the staff and families impacted by this shocking collapse.
Love from Katie & Team BBY. Xx