Issa brothers set to buy McColl's after retailer collapses

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The convenience store chain McColl’s is on the brink of being bought by the billionaire brothers behind Asda after crashing into administration with 16.000 jobs at risk

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Retailer McColl’s ‘increasingly likely’ to call in administratorsConvenience store chain says any rescue likely to result in little or no value being attributed to its shares I kinda feel partially responsible. In the late nineties I used to regularly buy a four pack of beers and watch with incredulity as they scanned one can and charged me 89p for it. Wasn’t going to stop them though. Used to work for them. I’m sad for their employees but the big bosses just love bad management
Source: Guardian news - 🏆 28. / 68 Read more »

Thousands of jobs at risk as convenience store giant McColl's teeters on brink of collapseThe operator of hundreds of Morrisons Daily stores could appoint administrators as soon as Friday amid fading hopes of a rescue deal, Sky News learns. Not surprised crap shop and dear as fck
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McColl’s convenience stores on brink of collapse\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t Thought they went out of business in the late 1980s tbh.
Source: FT - 🏆 113. / 51 Read more »