date:Jul 16, 2014
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In March, together with a profit warning, Morrisons announced that it would be disposing of Kiddicare as it no longer had a strategic role within the group. Morrisons accepted a 163 million writedown on Kiddicare and said that it was confident that the figure would be enough to cover all costs associated with exiting the business.
Kiddicare had sales of around 80 million for the year ended February 2014 and Garry Wilson, managing partner of Endless, said, Kiddicare has a history as a tr