British retailer McColl's gets interest for parts of business

MccollS Retail

28/02/2022 07:52

Feb 28 (Reuters) - McColl's  MCLSM.L  recently received a
takeover approach which was then withdrawn, the British retailer
said on Monday, as it looks for fresh funding amid falling
sales.
    The company, which operates more than 1,100 convenience
stores, did not name the party that made the takeover approach,
but said it was looking at indications of interest to buy parts
of its business.
    McColl's now expects its fiscal 2022 profit to be "slightly"
behind current market expectations, it added.

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com; +919986528692))