fashion-scoops
fashion-scoops

No Merger for Destination Maternity

The company said Friday it does not intend to make an offer for U.K.-based Mothercare plc.

NO MERGER FOR DESTINATION MATERNITY: Destination Maternity has changed its mind.

The company said Friday it does not intend to make an offer for U.K.-based Mothercare plc. The Philadelphia-based firm said on July 2 that it was interested in combining with Mothercare. It made the statement as required under U.K. Takeover Code because of speculation in the marketplace.

Destination Maternity said that the shareholders and board of Mothercare have not supported its proposal.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false