Morrisons says convenience chain, which it recently bought out of administration, still has ‘strong potential’
Morrisons is to shut 132 unprofitable McColl’s stores putting 1,300 jobs at risk, months after winning the bidding war to buy the struggling convenience store chain.
The UK’s fifth biggest supermarket chain, which beat the owners of Asda to buy the retailer’s 1,164 stores and newsagents after it went into administration earlier this year, said that despite the cuts it believed the business had “strong potential”.
Morrisons says convenience chain, which it recently bought out of administration, still has ‘strong potential’Morrisons is to shut 132 unprofitable McColl’s stores putting 1,300 jobs at risk, months after winning the bidding war to buy the struggling convenience store chain.The UK’s fifth biggest supermarket chain, which beat the owners of Asda to buy the retailer’s 1,164 stores and newsagents after it went into administration earlier this year, said that despite the cuts it believed the business had “strong potential”. Continue reading…
