May 6, 2022
Morrisons makes last minute bid to save McColl's
Supermarket giant Morrisons has proposed a last-minute rescue deal for McColl's, the convenience store chain which is on the brink of collapse. McColl's warned last night that unless it secured more funding, administration was increasingly likely. Morrisons is in a partnership with McColl's with more than 200 Morrisons Daily convenience stores. Morrisons has been talking to McColl's and creditors for weeks as it aims to thrash out a rescue deal. McColl's is running out of cash, and needs an injection of funds to stay afloat.
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