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@WatfordHertsNews
00:51
McColl’s £170m debts into administration bought by Morrisons supermarket
Supermarket group Morrisons has claimed winner after a fierce bidding war with Asda owner EG Group over the weekend to buy convenience store chain McColl’s out of administration.
Morrisons will pay off McColl’s £170m debts and take on its 1,160 shops and pension schemes, with 2,000 members.
McColl’s ran into difficulties as it attempted to update the range of food it sold and came up against Covid-related supply chain problems.
https://watnews.uk/morrisons-fought-off-asda-to-snap-up-mccolls-also-banned-from-selling-alcohol/
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