Oban M&Co ‘to avoid closure’

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The Oban M&Co store is not believed to be among the 50 potentially under threat of closure, according to local staff.

The parent company – one of Scotland’s biggest family-owned retailers – hit the headlines this week having reportedly called in the administrators.

Some stores elsewhere in the UK have closed suddenly with staff made redundant and it has been reported that nearLY 50 M&Co’s stores could close with the loss of hundreds of jobs.

The company’s headquarters in Glasgow has yet to comment despite requests from The Oban Times.

At the Station Road store in Oban today, staff said they understood that its branch would remain open.

The first ‘Mackays’ opened more than 50 years ago and grew from a small family business of just six stores.

It re-branded to M&Co and had a workforce of 3,900 staff, with 3,500 of those based in-store.

However, the impact of the coronavirus closure, had contributed to the decision to call in the administrators.