M&Co seeks new backers after £50m revenue shortfall

// M&Co is looking for new backers after a £50 million revenue shortfall
// The shortfall came as a result of coronavirus
// The retailer is considering a pre-pack administrationM&Co is reportedly seeking new backers after experiencing a £50 million revenue shortfall as a result of the coronavirus pandemic.
The value fashion retailer is currently working with Deloitte and is understood to be considering options including a partial sale or full sale via a pre-pack administrati