Rumours are swirling around a potential replacement for a high street shop that closed last week.

M&Co in Rickmansworth was included in the list of locations under threat when the company publicly announced its collapse on December 9, last year.

The speculation was later confirmed and the store shut permanently on Saturday.

It was then reported, by fashion business magazine Drapers, that Peacocks will be moving into around 20 of the 170 locations.

Watford Observer: M&Co in Rickmansworth while open in 2018M&Co in Rickmansworth while open in 2018 (Image: Google Street View)

Peacocks, a fast-fashion retail chain, said it was unable to comment at this time when asked, by the Watford Observer, whether the former M&Co unit in Rickmansworth was in its sights for a takeover, or whether it will be taking over other closed M&Co locations.

According to the Drapers report, Peacocks may be set to pick up the locations that had done the best business and were well fitted, including one in Stornoway, Scotland, and another in Saffron Walden, Essex, for which it is reportedly in “advanced negotiations”.