A mainstay high street fashion brand is set to reinvent itself as an online retailer after closing all 170 of its shops and collapsing into administration in December last year. Under the terms of the deal, AK Retail bought the M&Co brand, but not the firm's network of 170 high street shops, meaning the stores were forced to close. Aside from M&Co, AK Retail Holdings also owns an array of online clothes shops including large men's brand BadRhino and petite womenswear outlet PixieGirl. Prior to its bankruptcy, M&Co employed more than 1,900 staff in its 170 high street shops across the UK. Its collapse followed the closure of major high street retailers including Joules, Topshop, and Debenhams in recent years.

Source: Daily Mail May 16, 2023 18:31 UTC