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Supermarkets

Morrisons secures McColl’s deal saving 16,000 jobs and pensions

Following its collapse last week, Toby Banfield, Rachael Wilkinson and Rob Lewis of PwC were appointed as joint administrators

Alliance Property Holdings Limited, part of the Morrisons Group, has secured a rescue deal for embattled retailer McColl’s that will see all 16,000 staff transferred, alongside more than 1,100 nationwide outlets.

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