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Mothercare sells Early Learning Centre to rival in £13.5m deal

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Company will use proceeds of sale to The Entertainer to reduce bank debts

The Early Learning Centre is set to make its high street comeback after its struggling owner Mothercare struck a deal to sell the toy brand to rival chain The Entertainer.

 

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Mothercare agrees Early Learning Centre sale for £13.5mThe retailer hopes the brand's sale can speed up its ambition to be free of bank debt as part of its restructuring last year.
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