McColls to buy 298 Co-op stores

McColls to buy 298 Co-op stores

Retailer McColls has conditionally bought 298 convenience stores from the Co-operative Group in a £117m cash deal. The deal will boost McColls’ presence considerably. The company currently has a network of around 1,000 neighbourhood convenience stores.

In a statement issued yesterday (13 July), Jonathan Miller, Chief Executive, commented: “I am delighted to announce the acquisition of 298 quality convenience stores in a transformational deal for McColl’s. This opportunity substantially accelerates our growth strategy and expands our neighbourhood presence for the benefit of our customers.

“These stores are profitable, well invested, and the perfect size for our operating model. We expect the transaction to be significantly earnings enhancing for our shareholders.

“I look forward to welcoming all of our new colleagues to the business.”

The McColl statement added: “The Acquisition is conditional upon the majority approval of Shareholders and the approval of the CMA. McColl’s expects to obtain CMA approval in phase 1 and consequently expects the initial acquisition of stores in the Portfolio to occur in January 2017.”

The Co-op has various delivery and Click&Collect agreements in place for many of its stores across the UK – it has not been stated how this activity will be affected in the stores set to be purchased by McColl.


Relevant Directory Listings

Listing image


Since 2001, KePol parcel lockers from innovation leader KEBA ensure easy automating of the first and last mile of parcel logistics processes. First-class quality and outstanding reliability make KePol the world’s best locker solution available. Thanks to its modularity, the flexibility is high and customizing […]

Find out more

Other Directory Listings

News Archive


MER Magazine

The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.


P&P Poll


Which stories do you most like reading about on Post & Parcel?

Thank you for voting
You have already voted on this poll!
Please select an option!

Pin It on Pinterest

Share This