Scots clothing chain M&Co has entered administration, sparking fears of store closures and job losses across the UK
Scots clothing chain M&Co has entered administration, sparking fears of store closures and job losses across the UK.
News of the company's precarious situation - the second such time it has been put up for sale in three years - was first reported by fashion magazine Drapers. At present, M&Co has around 180 stores across the UK, many serving as fixtures of local high streets. "No immediate redundancies have been made and the joint administrators are exploring a potential sale of the business in an accelerated timeframe, during which time the company will continue to trade from its stores and website."
M&Co fell into administration in August 2020, when it was bought back by its Scottish owners the McGeoch family in a pre-pack deal that saw it close 47 stores and cut over 300 jobs.
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