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M&Co will close all stores, with loss of nearly 2,000 jobs
Vanessa OngClothing and homeware retailer M&Co will close all 170 of its stores, with the loss of up to 1,900 jobs.
The Renfrewshire-based company appointed administrators for a second time at the end of last year, after collapsing in 2020.
M&Co’s brand has been bought by AK Retail Holdings, the owner of Yours Clothing and Bump It Up Maternity, but the deal did not include its stores.
The closures were announced in social media posts by branches across the UK.
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A statement said: “Unfortunately we haven’t received the news we would have hoped for during our administration period, and would like to share this news with you.
“As we haven’t received any funded, deliverable offers that would result in the transfer of the company’s stores or staff to a potential buyer, this means that all of our stores will close.
“The M&Co ‘brand’ has been purchased, but unfortunately this does not include a future for our stores, website or staff.”
M&Co, previously known as Mackays, closed 47 shops as part of a pre-pack administration, costing nearly 400 jobs.
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