Morrisons has beaten Asda owners in race to buy McColl’s – report

Convenience store chain expected to be put into administration as soon as Monday morning

Morrisons has reportedly beaten the owners of Asda in the race to buy McColl’s, the struggling convenience store chain that is expected to be put into administration as soon as Monday morning.

The bid from Morrisons is due to be announced as the preferred bidder for McColl’s, despite an improved offer from EG Group, the petrol forecourts operator owned by the Blackburn-based Issa Brothers, according to Sky News.

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

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