Hugely popular high street fashion chain to close 170 stores putting 2,000 jobs at risk

M&Co will soon disappear from the high street as 170 stores are set to close, putting 2,000 jobs at risk after being bought by Your Clothing.

A spokesman from Teneo confirmed the sale of M&Co and intellectual property to Yours Clothing but not the stores.

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Yours Clothing, based in Peterborough also owns menswear line BadRhino, womenswear retailer Long Tall Sally and maternity brand Bump It Up Maternity.

The sale of the brand means M&Co’s 170 shops will close – putting 1,910 jobs at risk, according to The Sun.

M&Co is set to close 170 stores which will put nearly 2,000 jobs at risk
Wiki commons

M&Co fell into administration for the second time in two years at the beginning of December before administrators at Teneo put the business up for sale with an auction deadline.

The collapse of the retailer, previously called Mackay’s, was blamed on a sharp rise in costs as the cost-of-living crisis also depressed sales.

Industry experts claim that M&Co had not attracted high street players such as Next, Frasers and Marks & Spencer who have recently taken on bust retailers.

The fashion retailer follows other stores including stationery shop Paperchase which fell into administration this week after it failed to find a buyer.

Supermarket giant Tesco stepped up to buy rights to the brand and plan to sell Paperchase products in stores.

Shops could vanish from the high street within weeks, but the process may take up to two months.

Other businesses also fell victim to the pandemic such as burger chain Bryon Burger, Las Iguanas, Café Rouge and Bella Italia.

Those who bought items online can receive a full cash refund if the product is in its original condition by sending it back via Royal Mail.

Anyone who purchased online and wants a refund in store will only be offered a gift card or exchange.

M&Co is latest business to fall victim to the pandemic
Steve Parsons

Similarly, if a product was purchased in store, M&Co will offer an exchange on the product of the same value.

Some stores could offer a full refund, but this is at the discretion of the individual shop.

Those with gift cards should use them as soon as possible, as administrators have not yet decided whether customers can use gift cards.

Administrators can decide to stop accepting gift cards at any time.

If administrators later decide that you can't use your vouchers, customers should register a claim with the administrators for the value of the vouchers.