Harborough’s M&Co Store Saved From Closure

Market Harborough’s M&Co store has been saved after it was announced 47 are shutting nationwide with the loss of 380 jobs.

The fashion retailer has confirmed the High Street shop, which has traded for over 40 years, is not affected by the major restructuring, safe-guarding jobs.

M&Co, Market Harborough

However, the M&Co store in Kettering has closed with immediate effect.

The company hired Deloitte as administrators in April to look at ways to strengthen its position on high streets.

M&Co’s chief executive Andy McGeoch said: “It quickly became clear that best way to save most jobs and most stores was to enter administration, with a new company acquiring the assets of the old business, and this process has now been finalised. Covid has been by far the biggest challenge our family business has faced in almost 60 years, and I am really pleased that we have been able to maintain a presence in over 200 communities

“Local economies rely to a huge degree on their town centres and we have seen too many High Streets hollowed out by successive shop closures.  More and more people are beginning to realise that, if they don’t support their town centres, everyone’s quality of living really takes a hit, so we are proud to be playing a part in the drive to shop locally.