Namnews:
Mothercare revealed today that it is in talks to buy a 25% stake in the company which runs the Mothercare and Early Learning Centre franchises in Australia and New Zealand.
The mother and baby products retailer, which has 1,167 stores in 53 countries, said the investment in Headline Group Ltd. will be made through convertible loan notes with a value of A$12.2m, or about £7.2m, which will convert to shares in Headline subject to the approval of its shareholders.
Mothercare said the capital will provide Headline with increased resources to accelerate the nationwide expansion of the Mothercare and Early Learning Centre brands in Australia and New Zealand.