McColl's collapses into administration

PublishedJust now

Convenience store chain McColl's has collapsed into administration, putting 16,000 jobs at risk.

McColl's said the company's lenders did not want to extend banking agreements that were keeping the business going.

Audit firm PWC has been appointed as administrators, and will look for a buyer "as soon as possible".

Supermarket chain Morrisons proposed a rescue deal on Thursday to try to safeguard the chain.

Related Topics