McColl's believed to be in running to buy 300 Co-Op stores

13 June 2016 - Janet Bird

mccolls may purchase coop stores

Convenience chain McColl's is believed to be in the running to buy 300 Co-Op stores.

The Co-Op is considering the sale of the stores, part of its 700 non-convenience estate, as part of a major restructure of its business.

If the purchase were to go ahead, it would be the biggest acquisition yet for McColl's, which currently owns 930 own-branded stores and 434 Martin's newsagents.

The Co-Op currently has an estate of 3,000 stores across the country and intends opening another 100 this year, as well as refitting 150 existing premises.

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