Storehouse plc
Encyclopedia
Storehouse plc was a large UK
retail business formed by Terence Conran
through the merger of various high street chains. It was listed on the London Stock Exchange
and was once a constituent of the FTSE 100 Index
before it was renamed Mothercare
in 2000.
In 1988 Storehouse appointed a new chief executive, Michael Julien, to replace Terence Conran
who remained as Chairman until 1990, and the group was reorganised into three divisions, British Home Stores, 'Speciality Retailing' comprising the group's brands Mothercare
, Richard Shops
, Blazer, Anonymous and Jacadi and 'Home Furnishing' comprising Habitat
, Heals, and the Conran Shop Julien retired on health grounds in 1992 and was replaced by David Dworkin the Chief Executive of British Home Stores.
In 1992 Habitat was purchased from Storehouse by IKANO
and Richard Shops
was sold to the British retailing giant Sears plc
.
The Company bought Children's World from Boots in 1996, and rebranded all of their superstores Mothercare World stores.
In 2000, following several years of tough trading for all companies within the group, British Home Stores was sold to Philip Green
for £200m cash. Storehouse then changed its name to Mothercare
.
In 2002, the Mothercare Chief Executive was ousted after its fourth profits warning in a year.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
retail business formed by Terence Conran
Terence Conran
Sir Terence Orby Conran, FCSD, is an English designer, restaurateur, retailer and writer.-Early life and education:Terence Conran was born in Kingston upon Thames, the son of Christina Mabel and South African-born Gerard Rupert Conran, a businessman who owned a rubber importation company in East...
through the merger of various high street chains. It was listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and was once a constituent of the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
before it was renamed Mothercare
Mothercare
Mothercare plc is a British retailer which specialises in products for expectant mothers and in general merchandise for children up to 8 years old. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.-History:...
in 2000.
History
The company was formed in 1986 by the merger of Habitat Mothercare PLC with British Home Stores PLC.In 1988 Storehouse appointed a new chief executive, Michael Julien, to replace Terence Conran
Terence Conran
Sir Terence Orby Conran, FCSD, is an English designer, restaurateur, retailer and writer.-Early life and education:Terence Conran was born in Kingston upon Thames, the son of Christina Mabel and South African-born Gerard Rupert Conran, a businessman who owned a rubber importation company in East...
who remained as Chairman until 1990, and the group was reorganised into three divisions, British Home Stores, 'Speciality Retailing' comprising the group's brands Mothercare
Mothercare
Mothercare plc is a British retailer which specialises in products for expectant mothers and in general merchandise for children up to 8 years old. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.-History:...
, Richard Shops
Richard Shops
-History:Richard Shops was originally part of the clothes-selling empire United Drapery Stores, created in 1927 by the controversial Leeds-born businessman and philanthropist Jack Lyons...
, Blazer, Anonymous and Jacadi and 'Home Furnishing' comprising Habitat
Habitat (retailer)
Habitat Retail Ltd. is a retailer of household furnishings in the United Kingdom, France, Germany, Spain, and has franchised outlets in other countries. Founded in 1964 by Terence Conran, it was sold by the IKANO Group, owned by the Kamprad family, in December 2009 to Hilco, a restructuring...
, Heals, and the Conran Shop Julien retired on health grounds in 1992 and was replaced by David Dworkin the Chief Executive of British Home Stores.
In 1992 Habitat was purchased from Storehouse by IKANO
IKANO
IKANO is a Swedish group that is owned by the family Kamprad, which also founded IKEA. IKANO manages the Kamprad family fortune. The organization's head office is located in Luxembourg....
and Richard Shops
Richard Shops
-History:Richard Shops was originally part of the clothes-selling empire United Drapery Stores, created in 1927 by the controversial Leeds-born businessman and philanthropist Jack Lyons...
was sold to the British retailing giant Sears plc
Sears plc
Sears plc was a large British-based conglomerate. The Company was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but it was acquired by Sir Philip Green in 1999.-History:...
.
The Company bought Children's World from Boots in 1996, and rebranded all of their superstores Mothercare World stores.
In 2000, following several years of tough trading for all companies within the group, British Home Stores was sold to Philip Green
Philip Green
Sir Philip Green is a British businessman. Green was born into a Jewish family in 1952, beginning as a businessman at the age of 15. The first and last quoted company Green took lead of was "Amber Day", from which he stepped down as CEO and Chairman in 1992...
for £200m cash. Storehouse then changed its name to Mothercare
Mothercare
Mothercare plc is a British retailer which specialises in products for expectant mothers and in general merchandise for children up to 8 years old. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.-History:...
.
In 2002, the Mothercare Chief Executive was ousted after its fourth profits warning in a year.