Another body blow for Lanark as M&Co set to close its doors

In another body blow for Lanark High Street, M&Co will shut its doors in April.
The store will close its doors in April, leaving another vacant lot on the High Street.The store will close its doors in April, leaving another vacant lot on the High Street.
The store will close its doors in April, leaving another vacant lot on the High Street.

The Renfrewshire-based chain appointed administrators Teneo in December. All 170 stores are to close after M&Co failed to secure a buyer, affecting 1910 members of staff.

AK Retail Holdings, which owns Yours Clothing, Long Tall Sally, BadRhino and maternity brand Bump It Up, stepped in to rescue the brand. While the M&Co brand was purchased for an undisclosed sum, its stores were not included in the purchase.

In a social media statement, staff said stores would trade until Easter.

It read: “As we haven’t received any funded, deliverable offers that would result in the transfer of the company’s stores or staff to a potential buyer, this means that all of our stores will close.

“The M&Co brand has been purchased, but unfortunately this does not include a future for our stores, website or staff. We will trade all of our stores until Easter and then begin the close down process.

“We hope you appreciate this is a very difficult time for staff and we ask for respect and understanding.”

Clydesdale MSP Máiri McAllan said her office would help “in any we can”.

She added: “This closure is sad and difficult news for the staff and my thoughts are with them.

“M&Co has had an important presence on Lanark High Street for many years and it is disappointing that closure in Lanark has been confirmed.

“As local MSP I will continue to work with the community on efforts to support Lanark High Street.”

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