McColl’s to call in administrators, putting 16,000 jobs as risk

Issa brothers' EG Group lining up to buy retailer out of administration after Morrisons' rescue deal rejected

McColl's is set to appoint administrators, putting 16,000 jobs at risk, after its lenders turned down a last-minute rescue deal from Morrisons.

It is understood that EG Group, the petrol forecourts operator owned by the Blackburn's billionaire Issa brothers, is lined up to buy McColl's out of administration in a deal that would save all jobs and the convenience store group's more than 1,100 outlets around the country but would not include its pension scheme.