The future of a major South Cheshire clothing shop is currently looking bleak - after its parent company announced it was going under.

M&Co, which has a branch on High Street, Nantwich, just five miles from Crewe - went into administration on Friday (December 9).

The privately-owned UK chain has blamed increasing costs and decreasing customer confidence for its downfall.

M&Co has blamed increasing costs and decreasing customer confidence for their downfall (Google).

The immediate future of the Nantwich store - and that in nearby Sandbach and Congleton - remains unknown.

The news was confirmed over the weekend thanks to business publication Drapers.

The fashion retailer has already closed stores in Dorset and Worcestershire over the past week.

Gavin Park, Adele MacLeod and Rob Harding of Teneo Financial Advisory Limited have been appointed as Joint Administrators for the Scottish-headquartered company.

M&Co has 180 stores across the UK - employing 1,910 staff. 

The immediate future of the M&Co Nantwich store - and that in nearby Sandbach and Congleton - remains unknown (Nub News).

Joint Administrator, Gavin Park, said: "Like many retailers, the Company has experienced a sharp rise in its input costs.

"This has coincided with a decline in consumer confidence leading to trading challenges.

"Despite a very loyal customer base, particularly in local markets, and a well-recognised brand, the current economic outlook has placed increasing pressure on the Company's cash position."

No redundancies have been made at M&Co as of Tuesday (December 13) at 9am.

No redundancies have been made at M&Co as of Tuesday (December 13) at 9am (Nub News).

M&Co has been contacted for comment by Nub News.

In a statement, a spokesperson said: "The Joint Administrators are now exploring a potential sale of the business in an accelerated timeframe - during which time the company will continue to trade from its stores and website."

READ MORE: Police urgently searching for missing 15-year-girl from Crewe.

Free from clickbait, pop-up ads and unwanted surveys, Crewe Nub News is a quality online newspaper for our town.

Subscribe to our FREE weekly newsletter email HERE - just click the 'SIGN UP' button.

Please consider following Crewe Nub News on Facebook or Twitter.