Morrisons has signed a deal to save convenience store chain McColl's, saving 16,000 jobs after the chain officially entered administration.
The company 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.
Morrisons will pay off McColl's debts, take on its 1,160 shops and pension schemes, with 2,000 members, Business Live reports.
