In a significant move, the neighbourhood retailer has partnered with Morrisons for the long-term supply of fresh food and groceries. Financial performance in H117 was robust despite challenging economic conditions. The acquisition of 298 stores from the Co-op creates a platform for further development. We believe that McColl’s has identified a clear strategy in the UK convenience channel, which is forecast to grow 18% to £47bn by 2022, according to IGD.

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