[arista]

[Convenience store chain McColl's
is on the brink of collapse,
potentially placing thousands of jobs at risk.

The retailer said it was "increasingly likely" it would
fall into administration unless talks around
a rescue deal were successful.

The statement on Thursday
came after Sky News reported the company
could call administrators in on Friday.

More than 16,000 people are
employed by McColl's, which also
has a partnership with supermarket Morrisons.

The company wrote that without
any fresh funding in the short-term,
the group would likely
"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".]


https://www.bbc.co.uk/news/business-61341350