In a statement posted on social media staff said stores would trade until Easter ahead of the close down process, it will mean 170 stores closing and over 2,000 people loosing there jobs in another major blow to High Streets which are already suffering badly.
The statement 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.
“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.”
Established as a pawnbrokers in 1834, the business, then known as Mackays, switched to selling clothes in 1953 – led by brothers Len and Iain McGeoch. In 2005, it rebranded to M&Co.
Anyone with gift cards are urged to use them now as shops will not accept them after 12th February 2023.
The list of all Sottish stores that will close
- Airdrie 32/38 Graham Street Airdrie, Lanarkshire, ML6 6BU United Kingdom
- Perth 26/30 Scott Street Perth, Tayside, PH1 5EH United Kingdom
- Blairgowrie 16 2-6 High St Blairgowrie, Perth And Kinross, PH10 6ET United Kingdom
- Alexandria Unit 1/3 Mitchell Way Alexandria, Dunbartonshire, G83 0LW United Kingdom
- Glenrothes Store C Kingdom Shopping Cntre Glenrothes, Fife, KY7 5NN United Kingdom
- Paisley Units 67 55 Central Way Paisley, Renfrewshire, PA1 1EN United Kingdom
- Bathgate 25 – 27 Hopetoun Street Bathgate, West Lothian, EH48 4PA United Kingdom
- Dunoon 121 Argyll Street Dunoon, Argyll, PA23 7DH United Kingdom
- Oban 1-4 Heritage Wharf Station Rd Oban, Argyll, PA34 4LW United Kingdom
- Johnstone 7/9 Houston Square Johnstone, Renfrewshire, PA5 8DT United Kingdom
- Newton Mearns Unit 15 – 250 Ayr Road Newton Mearns, Glasgow, G77 6AA United Kingdom
- Kirkintilloch 71 Cowgate Kirkintilloch, Strathclyde, G66 1HW United Kingdom
- Milngavie 2 Douglas Street Milngavie, Glasgow, G62 6PB United Kingdom
- Helensburgh 38/40 Sinclair Street Helensburgh, Dunbartonshire, G84 8SU United Kingdom
- Fort William Airds Crossing 2 High Street Fort William, Invernesshire, PH33 6EU United Kingdom
- Inchinnan OSC 5 Inchinnan Drive Inchinnan, Renfrewshire, PA4 9AF United Kingdom