Mothercare plc the largest retailer, which specialises in products for expectant mothers and young kids, will be raising £ 100 million to fund the Group’s future investments in IT systems and infrastructure improvement, as a part of a strategic growth plan. The new Chief Executive of Mothercare, Mark Newton-Jones will also invest £ 400,000 of his own money in company’s planned right issue amount. The retailer will also pay back a significant amount of its outstanding debts from the issue. At present, the group has 1,500 Mothercare and ELC stores spanning approximately 60 countries.
