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Daily Record
Daily Record
National
Stephen Norris

Castle Douglas branch of M&Co clothing firm escapes the axe

A Castle Douglas clothing store has been saved from closure by a rescue package.

M&Co on King Street is one of more than 200 of the company’s UK outlets to be kept open under a major financial restructuring.

The company, which has had a presence in Castle Douglas for more than 40 years, appointed administrators in April.

Under the shake-up the number of stores will be cut from 265 to 218, with around 380 redundancies from a total workforce of more than 2,600.

M&Co’s chief executive Andy McGeoch said: “Covid has been by far the biggest challenge our family business has faced in almost 60 years.

“I am really pleased that we have been able to maintain a presence in over 200 communities.

“Covid-19 means many people don’t feel comfortable travelling on public transport or visiting busy city centres.

“That’s why we are looking at ways of working in partnership with other local retailers to highlight the tremendous range of shopping that can be found in communities like Castle Douglas all over the country.”

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