A fashion retailer has gone into administration for a second time.
M&Co, which has three stores in Merseyside including Heswall, West Kirby and Formby, has collapsed into administration for the second time in just over two years. The clothing brand currently employs 1,910 staff and has around 170 shops across the UK, reports the Mirror.
Financial advisory firm Teneo confirmed it had been called in as administrators on Friday. It said M&Co had collapsed under a "sharp rise" in costs and an "increased pressure on cash flows and trading losses".
