Mothercare announces interim boss Mark Newton-Jones March 10, 2014 After Simon Calver’s sudden departure last month, Mark Newton-Jones has been named as the interim chief executive (CEO) of babycare specialist Mothercare. Newton-Jones will take over next Monday, minding the group while it looks for a permanent new boss. He won’t, therefore, join the board. Calver left six weeks after the company issues a profit [...]
Calver resigns as Mothercare chief executive February 24, 2014 MOTHERCARE chief executive Simon Calver has stepped down just six weeks after a hefty profits warning that sent shares in the baby products chain tumbling by more than a third. The firm brought in the former head of online movie rental service Lovefilm two years ago to lead its turnaround and overhaul its UK estate. [...]
Mothercare CEO Calver resigns February 24, 2014 Mothercare has announced this morning that its chief executive Simon Calver has handed in his notice. Calver’s resigned “with immediate effect”, the company said, and will leave at the end of March. The baby goods retailer, with issued a profit warning in January, following heavy Christmas discounting, has yet to appoint a successor. Calver will [...]
Mothercare woes mount January 8, 2014 SHARES in Mothercare plunged 30 per cent yesterday after the mother and baby products retailer issued a profits warning more than halfway into its turnaround plan. Mothercare is the second listed-retailer to issue a Christmas profits warning after Debenhams’ shock announcement last week, also blaming higher levels of discounting activity on the high street as [...]
Mothercare boss cautious despite return to profit November 21, 2013 MOTHERCARE boss Simon Calver warned yesterday that consumer spending was unlikely to improve in the near future despite Britain’s more positive economic outlook, as the baby products retailer swung back to profit. The group, which sells everything from pushchairs to nursery furniture and maternity clothing, posted an underlying pre-tax profit of £2m in the 28 [...]