Thousands of high street jobs could be at risk as convenience store firm McColl's Retail Group is reportedly on the brink of collapse.
The chain, which has a partnership with the supermarket giant Morrisons, could be calling in administrators as soon as Friday, Sky News says. Reports say that the imminent collapse of McColl's could see both Morrison's and the EG Group, a petrol retailing giant, spark a new interest in a partial takeover.
On Thursday (May 5), sources say that although the situation regarding McColl's remains "fluid", a collapse in some form was more likely than not. However, one retail industry source highlighted that it's possible that a rescue deal could happen as there are ongoing talks about the future of McColl's.
