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Jobs saved at McColl's branches in New Milton, Pennington, Hythe, Totton and Ringwood after Morrisons buyout



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ALL jobs at seven local McColl's branches have been saved after Morrisons won a battle to buy the chain.

McColl's, which has three New Milton branches and sites in Pennington, Hythe, Totton and Ringwood, entered administration last Friday.

This followed the failure of last-minute talks with Morrisons, which is its key supplier.

McColl's in Pennington (picture: Google)
McColl's in Pennington (picture: Google)

It had been reported the owners of Asda, EG Group, were interested in buying the beleaguered convenience store chain, but yesterday (Monday) it was announced Morrisons had acquired all 1,100 outlets and would retain the 16,000 staff.

In a statement, David Potts, Morrisons chief executive, said: “Although we are disappointed that the business was put into administration, we believe this is a good outcome for McColl’s and all its stakeholders.

"This transaction offers stability and continuity for the McColl’s business and, in particular, a better outcome for its colleagues and pensioners.

“We all look forward to welcoming many new colleagues into the Morrisons business and to building on the proven strength of the Morrisons Daily format.”



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