M&Co unsecured creditors to receive ‘less than a penny in the pound’

// M&Co unsecured creditors and suppliers to receive “less than a penny in the pound” of the £40.6m owed
// Administrators Teneo said due to insufficient funds, any repayments are “likely to be very low”M&Co’s unsecured creditors and suppliers are set to receive less than a penny in the pound of the £40.6m that are owed to them following the retailer’s collapse in December.
Administrators Teneo said in its report that it was unlikely t