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<\/a><\/p>![\"M&Co](\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2020\/08\/shutterstock_1680378964-696x464.jpg\" "\\"M&Co")
\/\/<\/span> M&Co has hired Teneo as administrators as it collapses for the second time in just over a year<\/h6>\n\/\/ <\/span>Teneo is exploring a sale of the 180 store value fashion retailer<\/h6>\nM&Co has collapsed into administration as rising costs have pushed it over the brink.<\/span><\/p>\nThe value fashion retailer, which has around 180 UK stores, has appointed Teneo Financial Advisory as administrator, which is exploring a sale of the business.<\/span><\/p>\nA spokesman for Teneo told Drapers: \u201cLike many retailers, the company has experienced a sharp rise in its input costs, which has coincided with a decline in consumer confidence leading to increased pressure on cash flows and trading losses.<\/span><\/p>\nSubscribe to Retail Gazette for free<\/strong><\/h5>\nSign up\u00a0here\u00a0to g<\/span>et the latest news straight into your inbox each morning<\/span><\/p>\n\u201cNo 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.\u201d<\/span><\/p>\nM&Co fell into administration in August 2020, when it was bought back by its Scottish owners<\/span> the McGeoch family <\/span>in a pre-pack deal that saw it<\/span> close <\/span>47 stores.<\/span><\/p>\nOver the past week, the retailer has shut two stores in Dorchester in Dorset and Droitwich, Worcestershire.<\/span><\/p>\nClick here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n
M&Co has collapsed into administration as rising costs have pushed it over the brink.<\/span><\/p>\n The value fashion retailer, which has around 180 UK stores, has appointed Teneo Financial Advisory as administrator, which is exploring a sale of the business.<\/span><\/p>\n A spokesman for Teneo told Drapers: \u201cLike many retailers, the company has experienced a sharp rise in its input costs, which has coincided with a decline in consumer confidence leading to increased pressure on cash flows and trading losses.<\/span><\/p>\n Sign up\u00a0here\u00a0to g<\/span>et the latest news straight into your inbox each morning<\/span><\/p>\n \u201cNo 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.\u201d<\/span><\/p>\n M&Co fell into administration in August 2020, when it was bought back by its Scottish owners<\/span> the McGeoch family <\/span>in a pre-pack deal that saw it<\/span> close <\/span>47 stores.<\/span><\/p>\n Over the past week, the retailer has shut two stores in Dorchester in Dorset and Droitwich, Worcestershire.<\/span><\/p>\n Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\nSubscribe to Retail Gazette for free<\/strong><\/h5>\n