The McColl’s convenience store chain has gone bankrupt, putting 1,100 stores and 16,000 jobs across the country at risk.
The 120-year-old company has struggled financially in recent years after witnessing soaring costs due to supply chain disruption, inflation and heavy debt loads.
He said talks with his lenders fell apart as creditors refused to extend the deadline for the retailer to find more money.
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Source: www.independent.co.uk
This notice was published: 2022-05-06 17:17:04
