Morrisons prevails in race to snap McColl’s out of administration

McColls Morrisons

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 weekend of twists and turns, it was confirmed on Monday afternoon that Morrisons had won the battle to acquire McColl’s out of administration in a pre-pack deal.

The supermarket giant saw off competition from Asda owners the Issa brothers and TDR Capital after its initial offer Thursday last week was turned down by McColl’s lenders. 

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