UK's Morrisons buys McColl's convenience chain out of administration

MccollS Retail

09/05/2022 17:00

LONDON, May 9 (Reuters) - British supermarket group
Morrisons has bought convenience store chain McColl's out of
administration, it said on Monday.
    Morrisons, which has a wholesale supply deal with McColl's,
said it will acquire all of it 1,160 stores which include 270
Morrisons Daily format stores.
    All McColl’s 16,000 staff will be transferred with the
McColl’s business to Morrisons, while McColl's two pension
schemes will be taken on by the supermarket chain.
    

 (Reporting by James Davey; Editing by Alistair Smout)
 ((james.davey@thomsonreuters.com))