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Morrisons saves 16,000 jobs with McColl’s rescue deal

May 10, 2022


The supermarket chain will take on McColl’s 1,160 shops and its two pension schemes, which together have more than 2,000 members. It will also pay off McColl’s £170m debts.

McColl’s went into administration on Monday (9 May), citing Covid-19 related disruption and supply chain challeges which affected product availability and customer spending. It was immediately sold to Alliance Property Holdings, part of the Morrisons Group, which is McColl’s largest supplier.

Rob Lewis, joint administrator and partner at PwC, said: “Especially during the current economic climate, the completion of this transaction provides much needed certainty to McColl’s 16,000 staff after a period of understandable concern following the group’s challenges over the past months.

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