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Insider UK
Business
Aine Fox & Kieren Williams & John Glover

UPDATE: Morrisons launches last-minute bid to save troubled McColl’s

McColl

Morrisons has tabled a last-minute rescue deal to save struggling convenience store business McColl’s.

The chain confirmed on Thursday that it is looking “increasingly likely” it could tumble into administration, putting the future of 1,100 shops and 16,000 employees at risk.

The PA news agency understands Morrisons has now approached PwC, which is advising lenders to McColl’s. This would save the vast majority of jobs and stores.

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