Fears For Future Of Market Harborough Shop After Administrators Appointed
Written by HFM News on 13th December 2022
There are fears for the future of the M&Co store in Market Harborough after the clothing retailer went into administration.
Just under 2,000 jobs are at risk nationwide, although the firm’s 180 shops, including the one on the High Street, will remain open while a sale of the business is explored.
M&Co, Market Harborough
Administrators Teneo say M&Co had experienced a sharp rise in costs like many other retailers which had coincided with a “decline in consumer confidence”.
A statement added: “Despite a very loyal customer base, particularly in local markets, and a well-recognised brand, the current economic outlook has placed increasing pressure on the Company’s cash position.”
M&Co fell into administration in August 2020, but the Market Harborough store was one of those saved when it was bought back by its Scottish owners the McGeoch family in a pre-pack deal.
