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Gloucestershire Business News

Morrisons saves McColl’s

Supermarket giant Morrisons has been confirmed as the new owner of convenience chain, McColl's.

The deal means jobs will be safe for all 16,000 staff members.

Morrisons put in a bid for McColl's at the end of last week, but faced tough competition from EG Group, the petrol station empire, as reported by the BBC.

McColl's has a store in Cirencester and several stores in Gloucester and Cheltenham. Morrisons will pay off its £170m debts and take on its 1,160 shops and pension schemes, with 2,000 members.

Morrisons already had a partnership with McColl's, which supplies convenience stores with stock.

More than 200 McColl's shops, including the one in Edinburgh Place in Cheltenham, are already operating as Morrisons Daily convenience stores.

Image credit: Google Maps 2020

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