McColl's Retail Group is a British convenience shop and newsagent operator, trading under the trading names Morrisons Daily and McColl's, Martin's and RS McColl for some stores in Scotland.
| FactSnippet No. 1,459,085 |
10 Facts About McColl's
2.
In March 2013, Martin McColl's implemented a company-wide change in the colouring of SEL's and POS, opting for 'ivory' SEL strips and a mixture of block-coloured red and white POS material.
| FactSnippet No. 1,459,086 |
3.
In 2022, McColl's was placed in voluntary administration and purchased by Morrisons.
| FactSnippet No. 1,459,087 |
4.
McColl's hoped to have 350 shops trading under the new format by the end of 2022.
| FactSnippet No. 1,459,088 |
5.
In 2021, McColl's raised £30m to invest in the expansion of its Morrisons Daily convenience stores.
| FactSnippet No. 1,459,089 |
6.
McColl's was reported to have £170m of debt by BBC News, while The Guardian reported a lower figure of £100m of debt.
| FactSnippet No. 1,459,090 |
7.
On 6 May 2022, McColl's was reported to be on the verge of financial collapse.
| FactSnippet No. 1,459,091 |
8.
McColl's reported that it would "be placed into administration with the objective of achieving a sale of the group to a third-party purchaser and securing the interests of creditors and employees".
| FactSnippet No. 1,459,092 |
9.
At the time of the announcement, the McColl's website listed a total of 1149 stores, with 755 branded McColl's, 270 branded Morrisons Daily, 116 branded Martin's and eight branded RS McColl.
| FactSnippet No. 1,459,093 |
10.
On 9 September 2022, the CMA announced it had largely cleared Morrison's acquisition of McColl's, raising concerns in 35 local areas where both brands would face reduced competition if the takeover went ahead as planned.
| FactSnippet No. 1,459,094 |