British Convenience Chain McColl’s Collapses, Putting 16,000 Jobs at Risk

British Convenience Chain McColl’s Collapses, Putting 16,000 Jobs at Risk
A man enters a McColls store in Dukinfield, England on May 6, 2022. Anthony Devlin/Getty Images
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British convenience store chain McColl’s has confirmed it will collapse into administration, putting 1,100 shop and 16,000 workers at risk.

The troubled retailer held talks with its lenders on Friday morning in the hope they could extend their loan agreements.