Major fashion brand M&Co has been put into administration. How will this affect our Formby branch?
Major fashion brand M&Co has been put into administration. Staff at 180 stores across the UK are at risk of losing their jobs.
Scottish fashion brand M&Co have been plunged into administration after a losing battle with post-pandemic shopping habits. Shops across the UK could face closures.
How will this affect our Formby branch? At the moment, nobody knows what’s going to happen to individual stores.
One store, not the Formby store, took to Facebook with the sad news: "To all our amazing customers, this is not an easy message to convey. M&Co have entered into administration as of December 9, 2022. We are hoping for a positive outcome and that our lovely shops will be saved."
In the meantime, M&Co. customers will be able to enjoy 25 percent of which "will continue for the foreseeable".
The post also explained that the store will no longer be able to process refunds, but could exchange goods. M&Co will no longer be scanning loyalty cards or accepting reward vouchers.
The Facebook post continued: "We will be doing our best to keep a positive shopping environment for all our customers and despite the circumstances, we remain positive."
We are obviously hoping that our very popular M&Co Formby branch will find a way to survive. Our thoughts are with all the staff in these uncertain times.