More than 100 McColl’s convenience stores are set to shut across the country – but the brand’s shops in the Watford area appear to be safe.
Around 1,300 jobs are at risk after Morrisons revealed proposals to shut 132 loss-making stores in the convenience chain it bought earlier this year.
The supermarket giant sealed a deal to buy McColl’s for £190 million in a rescue deal in May.
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On Tuesday, Morrisons unveiled plans to overhaul the convenience retailer after competition regulators said last week that they were set to clear the takeover.
The supermarket group said 55 of the 132 stores earmarked for closure include Post Office counters and will shut next year.
A full list of 132 stores set to close have been released. It does not include the McColl’s in Tolpits Lane in Watford nor the shop in Chalfont Road in Maple Cross.
Two stores in Hertfordshire are on the list though – in Hatfield and Ware.
The overhaul plan will see Morrisons convert McColl’s stores to its own Morrisons Daily brand – this has already happened at 286 former McColl's stores, including on the Cassiobury estate in Watford as well as in High Road, Bushey Heath.
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Morrisons, which itself was bought in a £7 billion deal last year, said all 1,300 workers at risk from the closure plans will be offered roles elsewhere in the company.
Joseph Sutton, Morrisons’ convenience, online and wholesale director, said: “We have a great deal of work to do but there’s no question that McColl’s is a business with strong potential.
“I’m confident that the combination of McColl’s conveniently located stores and great colleagues, together with Morrisons scale, brand, systems and fresh food expertise, will lead to a transformation of the business.
“We very much regret the proposed closure of 132 loss-making stores but it is, very sadly, an important step towards the regeneration of the business.
“I am confident that McColl’s can, in the Morrisons family, once again become a growing, thriving and vibrant convenience business serving local communities across the UK.”
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