A national clothing chain will close its Nottinghamshire branch along with more than 100 other shops after falling into administration. M&Co appointed administrators at the start of December 2022 and has now announced that it will be closing all of its 170 stores across the UK after failing to secure a buyer for them.
The company was recently bought by AK Retail Holdings, owner of Yours Clothing. But this deal did not include physical stores, meaning all 170 stores, including the brand's Retford shop on Carolgate, will now close at Easter.
In a statement on Facebook, M&Co 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.
Read more: Unique Nottingham shop bounces back from liquidation
"The M&Co 'Brand' has been purchased, but unfortunately this does not include a future for our stores, website or staff. We will trade potentially until Easter, and then begin the close down process. We will update you closer to the time, of our actual closing date.
"We hope you will appreciate this is also a very difficult time for staff working in the stores and we ask for respect and understanding when raising an issue. We thank you all for your continuous support, and we hope to see you all over the next couple of months."
The retailer was first founded as a pawnbrokers, known as Mackays, in Paisley, Scotland, in 1834 before switching to a clothing retailer in 1953 and rebranding as M&Co in 2005. It was bought back from its Scottish owners after it first collapsed into administration in August 2020 which resulted in the loss of 47 physical stores and 380 staff members.
Read next:
- Channel 4 viewers struggle with bad language as Guy Phoenix looks to create £1bn Nottingham property
Nottingham Light Night returns with dozens of installations set to illuminate the city
Landlord 'takes possession' of Nottinghamshire shop but company continues
Areas of Nottinghamshire where people earn most and least confirmed
Campaigners plan protest over major plans for animal sanctuary
