Mothercare rescues UK presence with Boots supply deal
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(Reuters) - Mothercare Plc said on Friday it had agreed to supply baby care and other products exclusively to Boots UK stores, keeping its goods on British shelves after the collapse of its retail network in its home market. Shares in the company, which called in administrators for its UK business last month and is set to close all of its British stores with the loss of at least 2,500 jobs, jumped 10.4% to 14.9 pence in response to the news. Boots, owned by U.S.-based Walgreens Boots Alliance..