May 8, 2022
Morrisons makes last-ditch bid for McColl’s
Wm Morrison has made a last-ditch rescue bid for McColl's in an attempt to stop the struggling UK convenience store chain being sold out of administration to the petrol station operator EG Group. McColl's operates more than 1,200 convenience stores, including more than 200 outlets operating under the Morrisons Daily brand. In its latest proposal, Bradford-based Morrisons still aims to keep McColl's out of administration. McColl's existing commercial ties to Morrisons make it advantageous for EG to buy the group out of administration. Morrisons on Friday said the decision to place McColl's into administration was a "Disappointing, damaging and unnecessary outcome" for "Thousands of hardworking people and pensioners".
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