The news caps a frenzied few days as the two potential suitors tried to tempt McColl’s lenders with a rescue package.The plan would secure around 16,000 jobs and allow most of the 1,300 high street stores to stay open.
Never even heard of McColl's
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Live news: Morrisons and EG make last-ditch bids for McColl’s\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. It’s a crap shop. The media is bought and paid for by the wef. time to localize our media and support and share the truth.
Source: FT - 🏆 113. / 51 Read more »
Morrisons returns with fresh McColl's offer as endgame loomsThe supermarket chain has lodged a last-gasp offer to seize control of McColl's and prevent it falling into the hands of its Asda-owning rivals, Sky News learns.
Source: SkyNews - 🏆 35. / 67 Read more »
Morrisons has beaten Asda owners in race to buy McColl’s – reportConvenience store chain expected to be put into administration as soon as Monday morning A shite supermarket buys shite chain 👍
Source: The Guardian - 🏆 84. / 53 Read more »
McColl’s future in the balance as Morrisons and Asda owners vie for controlThe future of McColl’s is hanging in the balance as the business admitted on Friday that it is likely to collapse without any new funding
Source: Evening Standard - 🏆 102. / 51 Read more »
Firm set to buy McColl's urged to take on staff pensionsThe billionaire Issa brothers are set to take over the troubled chain on Monday but may not take on pension liabilities. 99.9% couldn’t be bothered to say please or thank you, I’m absolutely delighted they have gone bust, employ better people next time. “Do the decent thing”? The company was dragged into insolvency to shed all liabilities even though, as is proved by the bidding war, the company has a future. But what can you expect from EG Group who are only interested in the bottom line - not people
Source: BBCNews - 🏆 3. / 97 Read more »
Next's Lord Wolfson up against Jeff Bezos and Bill Gates over fusionBritish start-up Tokamak Energy is racing to win a global battle against US billionaires to crack a scientific conundrum. The one time Brexit might have helped the uK was January 2020 when we knew Covid was deadly and easily transmitted We saw 1000s dead in Spain & Italy, saw China locking down But Johnson kept our borders open, emptied sick from hospitals into care homes. Ensuring endless deaths
Source: Daily Mail Online - 🏆 135. / 51 Read more »