THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Omnichannel Futures 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
M&Co enters administration

Fashion retailer M&Co has entered administration for the second time in just over two years. After being impacted by rising costs and a decline in consumer… View Article

FASHION RETAIL NEWS UK

M&Co enters administration

Fashion retailer M&Co has entered administration for the second time in just over two years.

After being impacted by rising costs and a decline in consumer confidence during the cost-of-living crisis, the Scottish company has appointed administrators from financial advisory firm Teneo.

The move has put almost 2,000 jobs at risk. The retailer operates 170 stores across the UK.

M&Co is now looking to pursue a sale “in an accelerated timeframe”.

The administrators said no immediate redundancies have been made across the retailer’s workforce of 1,910 and that M&Co’s stores and website will be trading as usual.

Gavin Park, senior Teneo managing director, said: “Like many retailers, the company has experienced a sharp rise in its input costs, which has coincided with a decline in consumer confidence leading to trading challenges.”

M&Co entered pre-pack administration in the summer of 2020 when its assets were sold back to its founding family.

Subscribe For Retail News