Watchdogs have launched an investigation into Morrisons’ takeover of struggling retailer McColl’s
Watchdogs have launched an investigation into Morrisons’ takeover of struggling retailer McColl’s. The Competition and Markets Authority is probing the deal amid competition concerns.
The competition regulator has issued an initial enforcement order, forcing both businesses to continue to compete as they did before while investigators carry out their work.
Morrisons was named as McColl’s buyer earlier this month after the convenience-store company fell into insolvency. The supermarket beat the billionaire Issa brothers and private equity group TDR Capital in the battle for McColl’s.
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