RE: Another Positive - (Recovering the business)23 Jun 2025 18:06
When you think this will add at least 280 stores of Elebek which are able to sell MTC sourced goods plus they are opening stores in the UK, so MTC can re-brand Mothercare goods as Elebek and benefit from sales in the UK before the deal with Boots ends.
There is also their online business which should increase MTC sales far more than the loss of store partners from the midle east, which at the last RNS was 77 I believe.
The Boots deal also ends this year, so they can find a new partner that puts more effort into selling than Boots did. One for Frasers maybe, and Mike might build a shareholding as he has done in other brands.
In todays RNS they also said
"We are in discussions with several other parties to further restore critical mass alongside delivering our other core objectives. The underlying business continues to prove its resilience, and the strength of the brand is evident from the interest it generates and the ongoing discussions with other potential strategic partners."
So a few more deals like this and shareholders will soon see rewards I assume, and bear in mind Gordons have opitions at 8.5p so plenty of headroom before 7% dilution might occur but if they take up the options that will be another boost.
https://ebebek.co.uk/collections/fashion-footwear/
https://ebebek.co.uk/collections/nursery-safety/