You just have to look at the chairman’s statement to see what’s wrong with the deal – the highly conditional nature and the lack of strategic rationale… Destination Maternity believes Mothercare can help them achieve global leadership? We think this is questionable and we find this difficult to understand.
JOHN STEVENSON | PEEL HUNT
While some investors may welcome an exit opportunity, Destination Maternity offers no compelling solution for UK recovery or any material synergies to leverage. Indeed, we see interim CEO and turnaround specialist Mark Newton Jones as the more likely candidate to deliver UK recovery.
NIALL SHAH | EDISON INVESTMENT RESEARCH
Mothercare is in urgent need of parenting and a combination with Destination Maternity may offer a good opportunity for shareholders to reap the benefits from being part of a bigger family brand - growing the trusted brand internationally and not be dragged back continually by its UK network.