M&Co.

{{Short description|Scottish apparel retailer}}

{{for|the design firm|M & Co. (design firm)}}

{{Use dmy dates|date=March 2014}}

{{Use British English|date=March 2014}}

{{more citations needed|date=February 2014}}

{{Infobox company

| name = M&Co Trading Limited

| trade_name = M&Co

| logo = M&co logo.gif

| type = Private

| founder = Neil McGeoch (pawnbroker)
Len and Iain McGeoch (clothing)

| defunct = {{Start date and age|April 2023|df=yes}} (as a standalone store)

| area_served = United Kingdom
Continental Europe
Middle East

| key_people = Andy McGeoch
{{small|(Chief Executive Officer)}}{{cite news|last1=Nickalls|first1=Amy|title=M&Co to open the store in Hempstead Valley this weekend|url=http://www.kentonline.co.uk/medway/news/mco-announce-opening-date-134778/|accessdate=7 November 2017|work=kentonline.co.uk|date=6 November 2017}}

| industry = Retail

| genre =

| products =

| revenue = {{increase}}£193 million (2019){{cite web|url=https://beta.companieshouse.gov.uk/company/SC036368/filing-history|title=Company Accounts 2019|accessdate= 27 June 2019}}

| operating_income = {{decrease}}£(106,000) (2019)

| net_income = {{decrease}}£(888,000) (2019)

| owner = Andrew Killingsworth (90%)

| num_employees = 3900+ {{cite web|url=http://www.mandco.com/our-history/page/ourhistory|title=Company History – M&Co.|date=|accessdate=15 February 2014}} (2019)

| parent = AK Retail Holdings Ltd
(Since 2024)

| subsid =

| footnotes =

| vector_logo =

| foundation = {{Start date and age|1834|df=yes}} (high street)
{{Start date and age|April 2023|df=yes}} (online)

| location = Inchinnan, Scotland, UK

| homepage = {{URL|www.mandco.com}}

}}

M&Co Trading Limited, trading as M&Co.) is a Scottish online retailer and former high street chain store selling women's, men's, and children's clothes, as well as small homeware products. Its head office is in Inchinnan, Scotland,{{cite web|url=http://www.mandco.com/page/contact|title=Contact Us|publisher=M&Co.|quote="M&Co Web Team Caledonia House 5 Inchinnan Drive Inchinnan Business Park Inchinnan Renfrew PA4 9AF"|date=|accessdate=1 February 2012}} though its main buying office is in London.{{cite web|url=http://www.mandco.com/our-history/page/ourhistory|title=Company History – M&Co.|date=|accessdate=15 February 2014}}{{cite web|url=http://www.allinlondon.co.uk/directory/1186/137830.php|title=M&Co. – 20 Conduit Place, Paddington, London, W2 1HS|date=|accessdate=15 February 2014}} Previously, its head office was at Caledonia House in Paisley.{{cite web|url=http://www.mackays.co.uk/contact.html |title=Contact Us |publisher=Mackays Stores |quote=Mackays Stores Ltd Caledonia House, Caledonia Street, Paisley, PA3 2JP |accessdate=1 February 2012 |url-status=dead |archiveurl=https://web.archive.org/web/20050429052045/http://www.mackays.co.uk/contact.html |archivedate=29 April 2005 }} The company previously operated as Mackays Stores Limited until its 2020 administration, previously trading as Mackays.

Established in 1834 as pawnbrokers, Mackays switched to selling clothes in 1953 by brothers Len and Iain McGeoch. In 2005 the company rebranded as M&Co. to reflect a more modern image.{{cite web|url=https://www.heraldscotland.com/default_content/12428456.mackays-revamp-pays-off-clothing-empire-records-seventh-consecutive-year-rising-profits|title=Mackays revamp pays off Clothing empire records seventh consecutive year of rising profits|date=21 July 2006|work=The Herald|publisher=Newsquest Media Group}}

The chain operates over 300 stores and also has an online presence.{{cite web|title=Congratulations to M&Co who have risen 349 places in the retail Top 500 websites ranking|url=http://tryzens.com/congratulations-mco-risen-349-places-retail-top-500-websites-ranking/|date=13 February 2015|publisher=tryzens.com|accessdate=7 November 2017}}

M&Co. closed all of its stores in April 2023 and moved to a sole online company.

History

=19th century=

In 1834, the McGeoch family founded a pawnbroker business in Paisley, Renfrewshire.{{fact|date=February 2024}}

=20th century=

In 1953, Len and Iain McGeoch began converting their six pawnshops to clothing stores.{{cite web|url=https://www.scotsman.com/business/co-founder-iain-mcgeoch-hands-over-reins-mco-1495118|title=Co-founder Iain McGeoch hands over reins at M&Co|date=19 September 2015|work=The Scotsman|publisher=JPIMedia Publishing Ltd.}} In 1970, the company acquired Ghinns Ltd., extending its retail clothing business in the London area.{{cite web|title=THE BIG PROFILE: Twenty years at the top|url=https://www.insider.co.uk/special-reports/big-profile-twenty-years-top-9876668|first=Alasdair|last=Northrop|date=2 Mar 2009|work=Insider|publisher=Insider Publications Ltd.}} In 1986, the company acquired Apparel Affiliates Inc., owner of 140 retail clothing stores in the United States.{{cite news|df=mdy|title=Quakertown Retailer Seeks Chapter 11 Apparel Affiliates To Close Lady Bug, Paraphernalia Chains, Most Corner Houses|url=https://www.mcall.com/news/mc-xpm-1989-12-13-2712352-story.html|publication-date=13 December 1989|last=Funk|first=Nancy M.|work=The Morning Call|publisher=Times Mirror Company|location=Allentown, Pennsylvania|access-date=2022-01-06}}

=21st century=

File:M&Co shop in a Dubai mall.jpg, UAE]]

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 at the Dubai Mall, with further UAE expansion planned.Marc-Christian Riebe {{google books|KsZ8DgAAQBAJ|Retail Market Study 2013|page=407}}

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.{{cite news |last1=Kleinman |first1=Mark |title=Coronavirus: Fashion retailer M&Co hunts new backers amid sales slump |url=https://news.sky.com/story/coronavirus-fashion-retailer-m-co-hunts-new-backers-amid-sales-slump-12018072 |accessdate=2 July 2020 |work=Sky News |date=30 June 2020}}

In December 2022, M&Co went into administration with Teneo Financial Advisory as administrators.{{Cite web |last=Goldfingle |first=Gemma |date=2022-12-10 |title=M&Co plunges into administration - Retail Gazette |url=https://www.retailgazette.co.uk/blog/2022/12/m-and-co-administration/ |access-date=2022-12-10 |website=www.retailgazette.co.uk |language=en-GB}}

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 2023.{{Cite web |last=Fraser |first=Douglas |date=2023-02-06 |title= M&Co: Renfrewshire clothing chain to close all 170 stores |url= https://www.bbc.co.uk/news/uk-scotland-scotland-business-64535978 |access-date=2023-02-06 |website=www.bbc.co.uk |language=en-GB}}

In 2024 the Company was bought by Andrew Killingsworth, founder and CEO of Yours Clothing, under AK Retail Holdings.{{Cite web |last=Finamore |first=Emma |date=2023-12-06 |title=Andrew Killingsworth |url=https://www.drapersonline.com/people/power100-2023/andrew-killingsworth |access-date=2025-06-09 |website=Drapers |language=en}}

See also

References

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