Morrisons in last-minute attempt to rescue McColl’s and 16,000 jobs

Supermarket chain is understood to have offered to take on ailing business as going concern

Morrisons has put forward a last-minute rescue deal for the McColl’s convenience store chain that could protect 16,000 jobs.

The supermarket chain is understood to have offered to take on the ailing business as a going concern, assuming its debts, which amount to about £100m, and taking responsibility for its pension scheme.

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Retail industry, Morrisons, Business, Supermarkets, UK news UK news | The Guardian

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