M&Co will be closing its doors later this year
Scots clothing chain M&Co has announced that it will be closing all of its 170 stores across the UK after failing to secure a buyer after falling into administration.
The retailer has since announced on social media that it will be closing the doors to all of its stores this spring, including its 46 branches in Scotland, in a move that will result in nearly 2,000 job losses. M&Co's statement on Facebook 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.
The retailer was first founded as a pawnbrokers, known as Mackays, in Paisley, Renfrewshire in 1834 before switching to a clothing retailer in 1953 and rebranding as M&Co in 2005.
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