McColl’s
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Morrisons sales have dropped by 6.4% year-on-year for the second quarter, amid what the supermarket giant has described as a “very fragile and difficult consumer environment”.
In a trading update…
Read MoreMorrisons’ rescue bid for McColl’s under investigation by competition watchdog
Morrisons’ £190m rescue bid to takeover convenience chain McColl’s is being investigated by the UK’s Competition and Markets Authority (CMA).
The competition watchdog announced the investigation into Morrisons’ takeover of…
Read MoreConvenience at a cost: why consumers are willing to pay the price
While many businesses struggled to keep afloat during 2020’s lockdown rules, convenience stores – smaller, local shops serving the community – flourished in the difficult climate.
Two years on, that…
Read MoreMorrisons rescues McColl’s with £190m deal
Morrisons has purchased symbol group retailer McColl’s for £190.1 million, administrator’s documents have revealed.
According to PwC, the supermarket’s rescue package for its convenience and wholesale partner credited to £182.1…
Read MoreMcColl’s and Morrisons: What went wrong and what happens next?
When McColl’s finally called in the administrators last Friday it was of little surprise to many. The cards had been on the table for the convenience group for some time,…
Read MoreMcColl’s stops selling alcohol after Morrisons takeover
McColl’s stores have stopped selling alcohol after the Big 4 grocer Morrisons took over the convenience chain.
Earlier this month, the convenience retailer was forced into administration placing 16,000 jobs…
Read MoreMorrisons saves McColl’s in last-minute triumph over Asda owners
Morrisons has saved convenience chain McColl’s in a last-minute triumph over EG Group, saving 16,000 jobs and stopping 1,100 stores across Britain from closing, according to Sky News.
McColl’s Retail…
Read MoreMorrisons and EG Group launch final bids for McColl’s
Big 4 grocer Morrisons and Asda owners, the Issa brothers‘ EG Group, have both tabled final offers to secure a rescue deal for collapsed convenience retailer McColl’s.
McColl’s fell into…
Read MoreMcColl’s calls in administrators and suspends trading
McColl’s has confirmed that the company has collapsed into administration with plans to “implement a sale of the business to a third-party purchaser as soon as possible”.
This morning the…
Read MoreMorrisons proposes McColl’s rescue deal; Issa brothers also show interest
Morrisons has proposed a last-ditch rescue deal to save McColl’s from calling in the administrators, as Asda owners the Issa brothers also show an interest in saving the struggling convenience…
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