M&Co Store In Thurso Sold At Auction For £220,000

29th September 2020

The M&Co store in Thurso has been sold at Auction for £220,000 along with seven other stores from the group.

The stores sold were High Street in Peebles sold for £231000, High Street in Nairn £130,000, Rotterdam Street in Thurso £220,000, Dockhead Street in Saltcoats £125,000, High Street in Hawick £151,000, Main Street in Wishaw £215,000, Channel Street in Galashiels and Dalrymple Street in Girvan raised £50,000.

Earlier it was reported that the Wick store was also to be auctioned however reports do not show it included in the list finally sold. Some clarity may come out in coming days. Is it not yet clear who the buyers were for the individual stores.

M&Co owner Meridian Realisations was put into administration last month before most of its assets were bought back in a pre-pack deal.

The move led to the group's UK-wide store estate being reduced from 265 to 218, while 380 people were made redundant, leaving a workforce in the remaining group of about 2,200.

PHOTO

The M& Co Store in Thurso

Photographer - Bill Fernie