The future of Midsomer Norton's M&Co store is in doubt after the 300 strong chain announced it has appointed administrators.
179 of the major fashions chains stores are in muddy water following the announcement, but it is yet to be confirmed whether Midsomer Norton's store is safe from axing.
Centre for Retail Research published: 'M&Co, the Scottish clothing retailer formerly called 'Mackays', went into administration for the second time in December 2022. It had restructured in 2020 using pre-pack administration , closing 47 stores. The company continues to trade, although it has closed its Droitwich store, until a buyer can be found. There are currently more than 300 stores and 2,400 employees.'
A statement on the M&Co said: 'Adele MacLeod, Gavin George Scott Park and Robert James Harding of Teneo Financial Advisory Limited were appointed Joint Administrators of M&Co Trading Limited (“the Company”) on 9th December 2022.
'The affairs, business and property of the Company are managed by the Joint Administrators. The Joint Administrators act as agents of the Company and contract without personal liability.'
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