McColl’s saved by Morrisons to bring relief to parcels sector

 

McColl’s has been rescued out of administration by Morrisons after it beat off a rival offer for the convenience store and newsagent chain. The deal means all 16,000 staff will transfer over to Morrisons, along with 1,100 shops, and the supermarket has also agreed to rescue the McColl’s Retail Group’s two pension schemes. Morrisons had an existing supply agreement with McColl’s and it provided a range of products under the Safeway brand.

Its final offer was accepted ahead of an […]

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