{"id":598105,"date":"2022-05-06T08:29:31","date_gmt":"2022-05-06T08:29:31","guid":{"rendered":"https:\/\/www.fiveminutesspare.com\/news\/?p=598105"},"modified":"2022-05-06T08:29:31","modified_gmt":"2022-05-06T08:29:31","slug":"mccolls-on-brink-of-collapse","status":"publish","type":"post","link":"https:\/\/www.fiveminutesspare.com\/news\/mccolls-on-brink-of-collapse\/","title":{"rendered":"McColl&#8217;s On Brink of Collapse?"},"content":{"rendered":"<p>A convenience store could be on its way out very soon, putting a lot of people out of the job and causing a lot of people across the entire UK to be jobless as this one store is &#8220;increasingly likely&#8221; to fall into administration unless talks around a reuse deal are successful!<\/p>\n<p>More than 16,000 people are known to work for McColl&#8217;s, meaning they are all at risk of losing their job currently.<\/p>\n<div id=\"attachment_598106\" style=\"width: 510px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-598106\" class=\"size-full wp-image-598106\" src=\"http:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2022\/05\/shutterstock_1784584700.jpg\" alt=\"\" width=\"500\" height=\"334\" srcset=\"https:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2022\/05\/shutterstock_1784584700.jpg 500w, https:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2022\/05\/shutterstock_1784584700-300x200.jpg 300w, https:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2022\/05\/shutterstock_1784584700-272x182.jpg 272w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><p id=\"caption-attachment-598106\" class=\"wp-caption-text\">Image Credit: <a class=\"jss428 jss77 jss79 jss78\" href=\"https:\/\/www.shutterstock.com\/g\/Ben+Molyneux\">Ben Molyneux<\/a><\/p><\/div>\n<p>This is what a spokesman at McColl&#8217;s had to say about this;<\/p>\n<blockquote><p>If there is no fresh funding in the short term, the group would likely &#8220;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&#8221;.<\/p><\/blockquote>\n<p>On Friday, its believed that Morrisons had proposed a deal to McColl&#8217;s lenders which involved injecting funds to help the current struggling retailer and make sure the business doesn&#8217;t go downhill!<\/p>\n<p>This one deal was said to stop McColl&#8217;s going into administration and save many jobs by keeping most of its shops open! It&#8217;s reported that there are over 1,400 shops open across the UK.<\/p>\n<p>However, Morrisons declines to comment to the BBC at this time, meaning they have said nothing about the situation at hand!#<\/p>\n<p><em><strong>Banner and Image Credit: <a class=\"jss1650 jss77 jss79 jss78\" href=\"https:\/\/www.shutterstock.com\/g\/HiStockPhoto\">HiStockPhoto<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A convenience store could be on its way out very soon, putting a lot of people out of the job and causing a lot of people across the entire UK to be jobless as this one store is &#8220;increasingly likely&#8221; to fall into administration unless talks around a reuse deal are successful! More than 16,000&#8230;<\/p>\n","protected":false},"author":58,"featured_media":598107,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-598105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/598105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/comments?post=598105"}],"version-history":[{"count":1,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/598105\/revisions"}],"predecessor-version":[{"id":598108,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/598105\/revisions\/598108"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media\/598107"}],"wp:attachment":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media?parent=598105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/categories?post=598105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/tags?post=598105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}