Furnishings and fashion chain M&Co has again fallen into administration.
The 180 store chain has appointed Teneo Financial Advisory as administrator, which is exploring a sale of the business.
M&Co previously fell into administration and in august 2020 and was bought back by it’s the owning McGeoch family in a pre-pack deal that saw almost 50 stores closed.
‘Like many retailers, the company has experienced a sharp rise in its input costs, which has coincided with a decline in consumer confidence leading to increased pressure on cash flows and trading losses. No immediate redundancies have been made and the joint administrators are exploring a potential sale of the business in an accelerated timeframe, during which time the company will continue to trade from its stores and website,’ says Teneo.
