The future of McColl’s looks in doubt

The future of McColl’s as a business looks in doubt. My first reaction to the news was rather selfishly – where are we going to go when we run out of milk! Then I thought about how many older people in the village must rely on it for shopping, newspapers and rather more importantly as a Post Office and social hub. I’m sure that someone will step in at the last minute to save the more lucrative of the stores across Scotland, and hopefully our store in Strathpeffer is one of them, because if its not it will mean a trip into Dingwall to buy your daily newspaper, send a parcel or get some milk. It seems absurd when the likes of Tesco are forecast to turn in a profit of £2.75bn (in spite of the COVID epidemic) that hundreds of village stores could close.

This news item comes courtesy of BBC News.

1 thought on “The future of McColl’s looks in doubt”

  1. According to BBC News on the 10th of May Morrisons have rescued McColl’s taking on all 16,000 staff.

    The article went on to say:-

    Supermarket group Morrisons has won a battle to rescue McColl’s, the convenience store and newsagent chain, and taken on all 16,000 staff members.

    Morrisons beat a rival offer from EG Group, the petrol station empire, owned by the billionaire Issa brothers.

    Morrisons will pay off McColl’s £170m debts and take on its 1,160 shops and pension schemes, with 2,000 members.

    The supermarket’s boss said the deal offered stability and continuity for the business, its staff and pensioners.

    McColl’s was put into administration by PwC on Monday and was immediately sold to Morrisons.

    Rob Lewis, joint administrator and partner at PwC, said the deal provided “much needed certainty to McColl’s 16,000 staff after a period of understandable concern”.

    https://www.bbc.co.uk/news/business-61378348

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