The story
In 1953, Len and Iain McGeoch began converting their six pawnshops to clothing stores. In 1970, the company acquired Ghinns, extending its retail clothing business in the London area. In 1986, the company acquired Apparel Affiliates, owner of 140 retail stores in the United States. In 2005, the company began converting all 270 of its stores to the M&Co. banner. In March 2012, the first of several international franchise stores opened, beginning with the first of many in Dubai Mall, with further UAE expansion planned. In June 2020, during the COVID-19 pandemic in the United Kingdom, M&Co was reported to have sought new backers amid a slump in sales. Professional services firm Deloitte supported its hunt for new investors as the company explored sale options including a pre-pack administration. In December 2022, M&Co went into administration with Teneo Financial Advisory as administrators. On 6 February 2023, it was announced that M&Co would be closing all 170 stores in the spring of the same year, with the last of them closing by the end of April. In February 2023, it was announced that Yours Clothing Group had acquired the company, with Saeed Hatteea appointed as chairman and Andrew Killingsworth as chief executive officer.
From Wikipedia’s article on M&Co., shared under CC BY-SA 4.0.5