FASHION chain M&Co is to close 47 stores and axe 380 jobs as part of a major restructuring it said will secure the company’s long-term future.
The high-street chain said it will continue to operate with 218 stores and 2,200 employees after completing a restructuring, having hired Deloitte as administrators in April.
The retailer said it believes its reduced network of stores, focused on local high streets, will strengthen its position, “with the coronavirus outbreak reducing appetites to travel longer distances on public transport”.
More to follow…
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