Australia Mothercare is in administration

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The Independent Online

Mothercare's Australian business has collapsed into administration after it failed to find a buyer for the baby products retailer.

Mothercare Australia had been in talks with The Myer Family Company to sell the business, which has 74 stores in Australia and New Zealand, but these talks "ended inconclusively". In November, Mothercare, which had a 23 per cent stake in the Australian-listed company, made a provision of £10.6m for the business in Australia but expects "minimal" impact on the group's profits.