McColl's Retail Group is reportedly in emergency talks for new funding amid fears it could collapse without it.
The convenience store chain which has more than 1,300 stores across the UK, is understood to be working with advisors to find a buyer to help the business stay afloat. Around 200 of its stores trade under the Morrisons Daily brand - with the supermarket said to be keeping a close eye on its rescue talks, reports Mirror Online.
According to an article on the Sky News website, the retailer has a matter of weeks to secure new funding, with millions of pounds of its bank debt being sold to hedge funds.
