Job losses expected in Lanarkshire as Scots clothing chain announces store closures

dailyrecord.co.uk:

Scots clothing chain M&Co has announced that it will be closing all of its 170 stores across the UK after failing to secure a buyer after falling into administration.The Renfrewshire based clothing company, formerly known as Mackays, appointed administrators at the start of December 2021 after being put up for sale for the second time in two years.The retailer has since announced on social media that it will be closing the doors to all of its stores this spring, including its 45 branches in Scotland, in a move that will result in nearly 2,000 job losses.The Lanarkshire Live app is available to download now.

Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.Head to the App Store and never miss a beat in Lanarkshire - iOS - Android That includes its four Lanarkshire stores in Airdrie, Wishaw, Lanark and Bellshill.M&Co’s statement on Facebook read: “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 retailer was first founded as a pawnbrokers, known as Mackays, in Paisley, Renfrewshire in 1834 before switching to a clothing retailer in 1953 and rebranding as M&Co in 2005.