Business
Acquisition
Acquisition.
About this update from Mothercare Plc
[{"type":"text","content":"\n RNS Number : 6607T Mothercare PLC 01 October 2010 \n \n\n \n \n \n \n \n \n \n1 October 2010\n \n \n \nMothercare acquires 25% stake in Australian franchisee\n\n \nMothercare plc confirms that shareholders in its Australian franchisee Headline Group Limited (\"Headline\") have approved the acquisition of a 25% (plus one share) stake, which was announced on 16 July 2010.\n \nHeadline currently operates 6 Mothercare and 27 Early Learning Centre stores in Australia. It recently announced the acquisition of the Babies Galore and Baby on a Budget retail businesses in Australia, which now gives it a significant national store footprint.\n \nHeadline has announced its intention to convert these stores to the Mothercare and Early Learning Centre formats and it plans to develop a chain of at least 60 Mothercare and Early Learning Centre stores in Australia by 2012/13. \n \nHeadline Group Limited has made an announcement on the Australian Stock Exchange: \n \nhttp://www.headlinegroup.com.au/shareholders.html \n \n \nNotes to Editors:\n \nMothercare plc is the leading global retailer of parenting and children's products with 1,167 stores in 53 countries worldwide, operating under the Mothercare and Early Learning Centre brands. \n \nHeadline Group Limited is listed on the Australian Stock Exchange.\n \n \nEnquiries to:\nBrunswick Group\n\n\n\n\nCatherine Hicks /Catriona McDermott\n\n\n020 7404 5959\n\n\n\n\n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQQBLFXBKFEBBX \n ","length":3839,"tagName":"div"}]