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Jobs saved at M&Co Uttoxeter

Times Echo and Life / All News / Jobs saved at M&Co Uttoxeter
1 year, 11 months agoNo Comments.
11 AUG

Jobs saved at M&Co Uttoxeter

By timesecholife on in All News, Uttoxeter news

A MAJOR restructure at clothing chain M&Co has retained the Uttoxeter branch, saving workers at the store from redundancy.

The company, which has had a shop in Uttoxeter for more than 30 years, appointed administrators in April, just weeks after the UK went into lockdown because of coronavirus. The administration process, which is being managed by Deloitte, will see M&Co close 47 stores, with 380 people from the 2,600-strong workforce, losing their jobs. Uttoxeter’s branch is one of the 218 stores to remain open.

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.

“Covid-19 means many people don’t feel comfortable travelling on public transport or visiting busy city centres and that can be good news for local high street stores like M&Co. That’s why we are looking at ways of working in partnership with other local retailers to highlight the tremendous range of shopping that can be found in communities like this all over the country.

“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. The response from our customers during lockdown was phenomenal.

“We had a steady stream of requests for updates via M&Co’s Facebook pages, with some customers even posting letters through the doors asking when we were reopening. It’s hugely encouraging to hear our customers say how much they have missed us after months away.”

M&Co was founded in 1961 and has expanded from its Scottish roots to towns throughout the UK.

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