M&Co to close all stores across the UK

Around 2,000 jobs are set to go as clothes retailer M&Co is closing all its 170 stores.

The Renfrewshire based company, originally known as Mackay's, appointed administrators for the second time last year after previously collapsing.

AK Retail Holidings have bought over the brand, but did not buy the stores, meaning they'll now close this Easter.

"Difficult time for staff"

The news was announced via social media, with branches uploading the same statement to Facebook.

The post read: "Unfortunately we haven't received the news we would have hoped for during our administration period, and would like to share this news with you.

"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 will update you closer to the time, of our actual closing date.

"Please have a read of our policies below, which continue in store, and note our updated rules to our gift cards, if you have one.

"We hope you will appreciate this is also a very difficult time for staff working in the stores and we ask for respect and understanding when raising an issue.

"We thank you all for your continuous support, and we hope to see you all over the next couple of months."

Originally founded as a Paisley Pawnbrokers in 1834, the business switched to selling clothes in 1953.

The chain then re-branded as M&Co in 2005.

AK Retail Holdings own plus size retailer Yours Clothing.

Hear the latest news on Clyde 1 on FM, DAB, smart speaker or the Rayo app.