M&Co makes job cuts at Scottish HQ following administration

M&Co redundancies continue as CFO exits d have been made redundant following the retailer's collapse administration at the start of the month
Fashion
// Staff at M&Co’s head office in Scotland have been made redundant following the retailer’s collapse administration at the start of the month
// The redundancies include employees at its marketing department, IT department and production studios

Following the retailer’s collapse in administration earlier this month, several staff members at M&Co’s head office in Scotland have been made redundant.

According to Drapers, up to 35 staff members at the embattled value retailer‘s head office in Inchinnan, Scotland have lost their jobs, including employees in its marketing department, IT department and production studios.

Administrator Teneo confirmed that redundancies have been made, but didn’t confirm the exact figures.


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M&Co, which has around 180 UK stores, collapsed into administration earlier this month as rising costs pushed it over the brink.

The retailer has appointed Teneo Financial Advisory as administrator, which is exploring a sale of the business.

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M&Co makes job cuts at Scottish HQ following administration

M&Co redundancies continue as CFO exits d have been made redundant following the retailer's collapse administration at the start of the month

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// Staff at M&Co’s head office in Scotland have been made redundant following the retailer’s collapse administration at the start of the month
// The redundancies include employees at its marketing department, IT department and production studios

Following the retailer’s collapse in administration earlier this month, several staff members at M&Co’s head office in Scotland have been made redundant.

According to Drapers, up to 35 staff members at the embattled value retailer‘s head office in Inchinnan, Scotland have lost their jobs, including employees in its marketing department, IT department and production studios.

Administrator Teneo confirmed that redundancies have been made, but didn’t confirm the exact figures.


Subscribe to Retail Gazette for free

Sign up here to get the latest Asda news straight into your inbox each morning


M&Co, which has around 180 UK stores, collapsed into administration earlier this month as rising costs pushed it over the brink.

The retailer has appointed Teneo Financial Advisory as administrator, which is exploring a sale of the business.

Click here to sign up to Retail Gazette‘s free daily email newsletter

Fashion

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

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