McColl’s is a neighbourhood retailer operating more than 1,550 convenience stores across England, Scotland and Wales.
McColl’s convenience stores and Martin’s newsagents (or RS McColl in Scotland) are mostly located close to residential areas, in neighbourhoods and villages, serving customers in the local community.
McColl’s sells everyday fresh food and groceries, and offers additional services such as ATMs and post offices.
Morrisons shelled out the equivalent of £182m to rescue the collapsed convenience chain McColl’s, administrators’ documents have revealed.
Morrisons has beaten off competition from Asda owners the Issa brothers to snap up embattled c-store specialist McColl’s out of administration.
After a wretched few days, today finally brought some much-needed certainty for McColl’s 16,000 employees and the 2,000 members of its two pension schemes.
Morrisons has upped its initial offer for convenience chain McColl’s in an eleventh-hour attempt to win the chain ahead of rival bidders EG Group.
McColl’s has plunged into administration amid reports that Asda owners the Issa brothers are looking to trump rival Morrisons’ approach to save the c-store specialist.
Advertisement
