Retailer Mamas & Papas is trying to agree a Company Voluntary Arrangement with the landlords of 60 shops.
The CVA proposal, overseen by Deloitte, is an attempt to reduce costs and safeguard the retail arm of the business.
The company began considering a raft of store closures last month as part of a wider rescue plan.
David Scacchetti, chairman of Mamas & Papas, said: “The UK retail environment is the toughest I’ve experienced in the 30 years since we founded Mamas & Papas and it has become clear that we need to take action if we are to maintain our proud position as a brand trusted by parents across the world.”
The CVA proposals relate to Mamas & Papas (Retail), the company which operates Mamas & Papas’ UK stores. Other companies in the group are unaffected.
A vote on the proposals will be held on 10 September.
joanna.bourke@estatesgazette.com
