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Birmingham Post
Birmingham Post
Business
Jon Robinson

Morrisons confirms deal to rescue McColl's and save all 16,000 jobs

McColl EG Group Morrisons Issa PwC

Morrisons has confirmed a deal to rescue McColl's and save all 16,000 jobs after the convenience chain officially entered administration and appointed PwC.

McColl's Retail Group first signalled it was going to enter administration on Friday with rival bids being submitted by the supermarket giant and EG Group.

BusinessLive reported earlier that the Blackburn-headquartered retailer, whose brands include Euro Garages, Cooplands and LEON, had lost its attempt to buy McColl's.

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