Children’s clothing retailer Carter Childwear is selling off some of its assets to raise money for the children’s charity November 2, 2021 November 2, 2021 admin

Children’s fashion company CarterChildwear said on Wednesday it had agreed to sell some of the company’s assets to help fund its child’s fashion charity.

The company said it was “shocked and disappointed” by the decision to sell the brands and its operations to charity and said it would not “turn a blind eye to its actions or make excuses”.

“It is a disappointing decision and we have not been able to fully reflect on it,” the company said in a statement.

“We have decided to make this difficult transition as part of our continued commitment to supporting the Children’s Fashion Fund and our work with children and families in need.”

The sale includes brands such as a range of clothing from the fashion house, which is owned by the British clothing chain H&M, as well as children’s clothing brands and footwear brands including Carleton and Lulu.

The clothing company said the decision was “committed to the wellbeing of the children and their families”.

It said it had not received any requests from charity organisations to sell any of its brands and it would continue to operate independently of the charity.

It said the sale would take place in July.

“We will continue to make a contribution towards the fund, which provides financial support for families across the UK,” the statement said.

The children’s fashion brand is part of the British chain H & M which also owns H&m and is the parent company of Carters children’s brand Carters.

Carters has been in business for more than 50 years.

It is part-owned by the family of British fashion tycoon Rupert Murdoch, who was recently given a share of the brand.

Mr Murdoch owns a 50 per cent stake in Carters, which has been listed on the London Stock Exchange since 2007.

The move comes after the government announced plans to make it easier for people to donate to charities through online fundraising platforms.

The government has also said it will allow people to create their own fundraising sites that can be accessed by charities and will allow them to give a further 10 per cent of their donations directly to charities.

A number of charities have been calling for the government to allow charities to sell their brands, saying that it could reduce their cost and help them to compete in the market.

Carters will now be able to make its donation on its own online site.

However, charities have warned that the move could be a double-edged sword for charities.

The charity charity Campaign for Better Living, which campaigns against poverty and inequality, said it supported the decision and that the sale of the brands was “an important step in ensuring the continued viability of charities that support children and youth”.

CarterChilds is part owned by H& M and the sale is believed to be part of a larger move by the retailer to focus on its retail business and reduce its reliance on charity support.