M&Co has fallen into administration two weeks before Christmas
SCOTTISH fashion retailer M&Co has fallen into administration just two weeks before Christmas.Statements confirming the news were published to the Facebook pages of a number of the retailer's branches.
The message added that staff hoped the"lovely shops will be saved", but warned customers that they would not be able to do cash refunds.No immediate redundancies have been made and administrators are exploring a potential sale of the business.
“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.” A statement from the Largs branch of the store added:"We are hoping for a positive outcome and that our lovely shops will be saved but in the meantime, there are a few things we would like our customers to be aware of.
"Currently, we are unable to process refunds back to original payment, we can exchange only any goods for the same value or above, this also includes items purchased through the website."The 25% off full-price discount is now open to all customers who shop with us and will continue for the foreseeable."
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