Morrisons Saves McColl's

Morrisons saves McColl's & beat a rival offer from EG Group, the petrol station empire, owned by the billionaire Issa brothers.

Morrisons will pay off McColl's £170m debts and take on its 1,160 shops and pension schemes, with 2,000 members.

Morrisons Saves McColl's - Will Pay Debt

Morrisons Saves McColl's- What Boss Said

The McColl's supermarket's boss said the deal offered stability and continuity for the business, its staff and pensioners.

McColl's was put into administration by PwC on Monday and was immediately sold to Morrisons.

Morrisons Saves McColl's - Finally Sold

Morrisons Saves McColl's- 16000 Staffs

PwC, said the deal provided "much needed certainty to McColl's 16,000 staff after a period of understandable concern".

McColl's ran into difficulties as it attempted to update the range of food it sold and came up against Covid-related supply chain issue.

Morrisons Saves McColl's - Covid Supply Chain

Morrisons Saves McColl's- Issa Brothers

the Issa brothers co-own supermarket chain Asda, while their EG Group owns thousands of petrol stations and convenience shops.

Morrisons almost let the deal slip away but thanks to a delay in administrators being appointed it was able to come back.

Morrisons Saves McColl's - Very Lucky

Morrisons saves McColl's- Swipe Up!!!

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