McColl’s won’t be the only business to collapse this year
Thursday 12 May 2022 Author: Daniel Coatsworth
It’s always disappointing to see businesses struggle and sadly the numbers could get worse given the Bank of England’s warning about a big slowdown in the economy and 10% inflation. The troubles at McColl’s Retail ( MCLS ) have set the scene for difficult times ahead. The company has gone into administration and shareholders are set to lose everything, even though the business is subsequently being acquired by Morrisons...