M&Co in administration: Renfrewshire Council urged to 'exhaust every avenue' and support firm

dailyrecord.co.uk:

Renfrewshire Council has been urged to “exhaust every avenue” to support clothing company M&Co after it called in administrators.An emergency motion was passed which committed the local authority to doing “all that it can” to assist the business and its staff.The retailer, which has headquarters at Inchinnan Business Park, has struggled to cope with rising costs amid a drop in “consumer confidence”.Financial advisory firm Teneo was appointed as administrator and is exploring a potential sale of the business.Elected members raised the issue at Thursday’s meeting and requested the council does everything it can to assist M&Co at a challenging time.Councillor Graeme Clark, Labour group economy and regeneration spokesperson, said: “This is incredibly important and the reason it’s an emergency motion is because things have just happened within the last couple of days.Renfrewshire Live, the new free app dedicated to bringing you around the clock breaking news, is now available to download.Powered by the Paisley Daily Express, Renfrewshire Live is your go-to source for news, features and sport with live coverage provided direct to the app, seven days a week.The dedicated team of experienced journalists, responsible for the publication of the award-winning Express, will focus on breaking news, day and night, across Renfrewshire’s towns and villages.There is also a dedicated St Mirren section that will follow every kick of the ball with the Buddies.Available on both Android and Apple.

Download here: smarturl.it/RenfrewLiveSocial“I, as all of us, was deeply concerned to hear that the administrator had been called in to M&Co, who is a major employer within the Renfrewshire district.“This is a very simple motion to say that we will