28 February 2013
Brian Silvia and Antony Resnick of BRI Ferrier’s Sydney office were appointed voluntary administrators of Mothercare Australia Limited, a currently suspended ASX-listed company, and of three subsidiaries, Skansen Pty Ltd, Skansen KCG Pty Ltd and Baby on a Budget Pty Limited, on the evening of 29 January 2013.
The companies trade under the names “Mothercare Australia” (under licence from Mothercare PLC of the UK), Kids Central, Early Learning Centre and Baby on a Budget from 47 shops in Australia and New Zealand, employing over 500 staff. The companies share head office facilities at the Entertainment Quarter, Moore Park, Sydney, as well as warehouse facilities.
The appointment follows the withdrawal of Myer Family Company Holdings Limited from a conditional contract to purchase the business, announced in October 2012. Mothercare Australia’s shares have been suspended since the announcement of the sale.
The administrators are continuing to trade the businesses while assessing the viability of individual outlets and options for the sale of the businesses, or parts of them, as a going concern.
Further information will be made available on the current matters page of the BRI Ferrier website as the administration proceeds.