M&Co Dingwall store flags looming deadline for use of gift cards
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HOLDERS of gift cards for a chain of stores currently in administration and set to close have just a few days left to make use of them.
As previously reported, M&Co is expected to close all of its stores around Easter although it's understood some will continue longer than others based on a number of factors, including trading performance.
The Dingwall branch – which is on the county town's High Street – has posted an update on gift cards noting that they will only be accepted until Sunday (February 12).
RELATED: Closure timeline still unclear as M&Co stores continue to trade
The fashion retailer, which has around 180 UK stores, appointed Teneo Financial Advisory as administrator at the end of last year.
In a statement at that time, a spokesman for Teneo said: “Like many retailers, the company has experienced a sharp rise in its input costs, which has coincided with a decline in consumer confidence leading to increased pressure on cash flows and trading losses."
M&Co previously fell into administration in August 2020, when it was bought back by its Scottish owners the McGeoch family in a pre-pack deal that saw it close 47 stores.
