McColl’s collapses into administrationon May 6, 2022 at 12:35 pm

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More than 16,000 jobs are at risk after the convenience store fails to strike a deal with its banks.

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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.

Accountancy firm PriceWaterhouseCoopers 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.

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