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Top related persons:
Toby Melville - 1 Wilko - 1 Mark Jackson - 1 PwC - 1 McColl's - 1 Jackson - 1 Wilko's - 1 we’ve - 1
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London Britain Leicester England
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REUTERS - 1 Morrisons - 1 Thomson - 1

Search resuls for: "McColl's"


2 mentions found


☆ UK retailer Wilko collapses, putting 12,000 jobs at risk
  + stars: | 2023-08-10 | by ( James Davey Muvija M | James Davey | Muvija M | ) www.reuters.com   time to read: +2 min
A branch of the discount retail homeware store Wilko is seen in London, Britain, August 3, 2023. REUTERS/Toby Melville/File PhotoSummaryCompanies Wilko enters administration93-year old retailer trades from 400 storesFailed to secure emergency investmentLONDON, Aug 10 (Reuters) - British discount retailer Wilko said it has fallen into administration on Thursday, a form of creditor protection that puts its 12,000 jobs in danger. The family-owned retailer, facing a cash squeeze after a downturn in trading, had failed to secure emergency investment. Despite the squeeze on household incomes from the jump in interest rates and high levels of inflation, most UK high street chains have traded resiliently so far this year. Reporting by James Davey and Muvija M; Editing by Kate Holton and Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville, Wilko, Mark Jackson, PwC, McColl's, Jackson, Wilko's, we’ve, James Davey, Muvija, Kate Holton, Elaine Hardcastle Organizations: REUTERS, Morrisons, Thomson Locations: London, Britain, Leicester, England
☆ UK's Morrisons to close McColl's stores; 1,300 jobs at risk
  + stars: | 2022-11-01 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Nov 1 (Reuters) - British supermarket group Morrisons is to close 132 McColl's convenience stores that have no realistic prospect of making a profit in the medium term, it said on Tuesday, putting 1,300 workers at risk of redundancy. Morrisons bought the McColl's chain out of administration in May but the deal was not cleared by the competition regulator until last month. It said that every affected worker would be offered alternative employment at a nearby McColl’s store, Morrisons store, logistics operation or foodmaking centre. McColl's currently trades from 1,164 stores, 286 of which trade under the Morrisons Daily fascia. Morrisons' plan is to have more than 1,000 stores trading as Morrisons Daily within two years.
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