The trade assets of the business ended up sold to new company M&Co Investing Ltd through the restructuring procedure handled by Deloitte. M&Co main executive Andy McGeogh is stated as a firm director of the new business on Providers Residence.
The offer has resulted in the immediate closure of 47 of M&Co’s outlets and the immediate redundancy of 327 retailer staff. A more 54 staff throughout the business’ London business and Inchinnan head business have also been created redundant with immediate effect.
The business has reported it will conserve 2,two hundred employment and 218 outlets through the restructuring.
McGeoch reported: “Like quite a few of the UK’s greatest-regarded large avenue names, we’ve been going through up to a number of fundamental business difficulties in the present-day retail atmosphere, which have been exacerbated by the impact of Covid-19. Being compelled to near all our outlets for numerous months intended a enormous