Fashion retailer M&Co has collapsed into administration for the second time in just over two years, this however does not mean automatic closure for the Wokingham Branch of the company. The Chain retailer of men’s & women’s fashion & home wares, with special teen & petite-sized lines located at 32 And 33 Market Pl, Wokingham RG40 1AP.
The clothing brand that used to be named Mackays employs 1,910 staff and has around 170 shops across the UK.
Financial advisory firm Teneo confirmed it had been called in as administrators on Friday.
It said M&Co had collapsed under a “sharp rise” in costs and an “increased pressure on cash flows and trading losses”.
The administrators stressed that “no immediate” redundancies had been made among M&Co’s 1,910 staff and the company’s website and store would continue to trade as normal.
“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 trading challenges,”
said Gavin Park, a Teneo senior managing director, who is serving as an administrator.
Park added that despite “a very loyal customer base, particularly in local markets”, the darkening economic outlook had placed “increasing pressure” on M&Co’s cash position.
The most recent review on Google Business for the Wokingham branch read
“Love M&Co clothing, petite range fits me perfectly. Had lots of summer clothes in today lovely to see! The staff are always friendly and helpful”
Let’s hope the M&C save the Wokingham store
I like that shop
When is it closing?
Closing down posters in the window
Closing down posters in the window
Closing down posters in the window
Closing down posters in the window
Closing down posters in the window
Closing down posters in the window
Closing down posters in the window