Mamas & Papas to be sold


Mamas & Papas to be sold

Bluegem Capital (BC) is said to be preparing to sell off nursery products retailer Mamas & Papas. BC has owned the business since 2014 during which time there was been a 2019 pre-pack administration deal as well as an earlier CVA. Mamas & Papas has reported sales of more than £100m for Y/E March ’22, on which it achieved an £11m profit before interest, tax, depreciation, and amortisation. It had previously claimed to have benefited greatly from the problems at Mothercare.

Mamas & Papas operates from 22 of its own stores as well as from 14 concessions within Next outlets. It also sells successfully online and has international sales revenues derived from distribution partners and franchisees.

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