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M&Co | |
Type | Private |
Industry | Retail |
Founded | 1834 |
Founder | Neil McGeoch (pawnbroker) Len and Iain McGeoch (clothing) |
Defunct | April 2023 | (as a standalone store)
Headquarters | Inchinnan, Scotland, UK |
Area served | United Kingdom Continental Europe Middle East |
Key people | Andy McGeoch (Chief Executive Officer) [1] |
Revenue | £193 million (2019) [2] |
£(106,000) (2019) [2] | |
£(888,000) (2019) [2] | |
Owner | Iain McGeoch (90%) |
Number of employees | 3900+ [3] (2019) |
Website | www |
M&Co Trading Limited, previously Mackays Stores Limited until its 2020 administration, (previously trading as Mackays, now trading as M&Co.) is a Scottish chain store selling women's, men's, and children's clothes, as well as small homeware products. Its head office is in Inchinnan, Scotland, [4] though its main buying office is in London. [3] [5] Previously, its head office was at Caledonia House in Paisley. [6]
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. [7] The chain operates over 300 stores and also has an online presence. [8]
M&CO has now officially closed all stores and the online shop as of Sunday 23rd April 2023.
In 1834, the McGeoch family founded a pawnbroker business in Paisley, Renfrewshire.
In 1953, Len and Iain McGeoch began converting their six pawnshops to clothing stores. [9]
In 1970, the company acquired Ghinns Ltd., extending its retail clothing business in the London area. [10]
In 1986, the company acquired Apparel Affiliates Inc., owner of 140 retail clothing stores in the United States. [11]
In 2005, the company began converting all 270 of its stores to the M&Co. banner. [7]
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. [12]
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. [13]
In December 2022, M&Co went into administration with Teneo Financial Advisory as administrators. [14]
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. [15]
Renfrewshire is one of the 32 council areas of Scotland.
Paisley is a large town situated in the west central Lowlands of Scotland. Located north of the Gleniffer Braes, the town borders the city of Glasgow to the east, and straddles the banks of the White Cart Water, a tributary of the River Clyde.
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Inchinnan is a small village in Renfrewshire, Scotland. The village is located on the main A8 road between Renfrew and Greenock, just south east of the town of Erskine.
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Renfrew is a town 6 miles (10 km) west of Glasgow in the west central Lowlands of Scotland. It is the historic county town of Renfrewshire. Called the "Cradle of the Royal Stewarts" for its early link with Scotland's former royal house, Renfrew gained royal burgh status in 1397.
Events from the year 1834 in Scotland.
Renfrewshire is one of the 32 council areas of Scotland, formally established in 1996 to succeed the Renfrew district within the Strathclyde region, both of which were abolished; the headquarters are at Paisley.
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M&Co Web Team Caledonia House 5 Inchinnan Drive Inchinnan Business Park Inchinnan Renfrew PA4 9AF
Mackays Stores Ltd Caledonia House, Caledonia Street, Paisley, PA3 2JP