Morrisons will now seek to sell the stores to a buyer or buyers approved by the competition regulator
The Bradford-based supermarket group agreed a £190 million deal to rescue McColl’s from administration in May, after the convenience chain was weighed down by soaring costs due to supply chain disruption, inflation and its large debt burden.
However, the Competition and Markets Authority last month raised concerns over 35 locations where it saw the potential for reduced competition between McColl’s,On Monday, the watchdog said it is now proposing to accept an offer from Morrisons to sell 28 McColl’s stores to address the concerns over local competition.
Belgique Dernières Nouvelles, Belgique Actualités
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