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12
Dec 2022
Ripon jobs in jeopardy as fashion retailer goes into administration
Jobs are at risk on Ripon's high street today after fashion retailer M&Co fell into administration for the second time in two years.
A notice on the door of the store on Fishergate says Gavin Park, Adele MacLeod and Rob Harding of Teneo Restructuring Limited were appointed joint administrators on Friday and are managing 'the affairs, business and property of the company'.
A buyer is being urgently sought for the Scottish retail chain, which employs almost 2,000 staff in more than 170 UK shops.
The Ripon store remained open today but staff were unable to comment on the news or confirm how many people are employed there. In the meantime a time-limited flash sale has been launched.
Specialist fashion trade publication Drapers reported first on the Mc&Co news and quoted a spokesman from Teneo, who said:
Tough trading conditions exacerbated by covid lockdowns previously saw M&Co go into administration in August 2020, but the business was saved when it was bought by its Scottish owners the McGeoch family, in a deal that saw 47 stores close and more than 300 jobs lost.
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