Morrisons is understood to be set to seize control of McColl’s after a last-ditch bid battle for the failed convenience store chain with EG Group, the petrol station operator
The supermarket chain has offered to keep the retailer’s 1,100 stores and 16,000 staff and made a commitment to honour its pension obligations as part of the deal.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morrisons set to win battle for bust McColl’sThe bid from Morrisons is due to be announced as the preferred bidder for McColl’s
Read more »
Live news: Morrisons and EG make last-ditch bids for McColl’s\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Morrisons returns with fresh McColl's offer as endgame loomsThe supermarket chain has lodged a last-gasp offer to seize control of McColl's and prevent it falling into the hands of its Asda-owning rivals, Sky News learns.
Read more »
Morrisons has beaten Asda owners in race to buy McColl’s – reportConvenience store chain expected to be put into administration as soon as Monday morning
Read more »
McColl’s future in the balance as Morrisons and Asda owners vie for controlThe future of McColl’s is hanging in the balance as the business admitted on Friday that it is likely to collapse without any new funding
Read more »