Clothing chain M&Co to close all 170 stores
Clothes retailer M&Co is to close all of its 170 stores this spring, with the loss of almost 2,000 jobs.
The brand has been bought by AK Retail Holdings but the purchase did not include physical stores, meaning they will now close down at Easter.The closures were announced in social media posts by branches across the UK. It previously went into administration in 2020, when it lost 47 stores and 380 staff, but assets were immediately bought back by the family that built it up.M&Co had appeared to be one of the high street survivors, with an important, reassuring presence, familiar staff and typically older shoppers who don't want to travel into the city or shop online.
The company bosses realised these were not going to be customers for ever. It needed to refresh, it found trading more difficult before Covid because they were importing lots of products from Europe and trading was difficult due to economic and political uncertainty.
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