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| Morrisons offers threatened My Local staff jobs if no buyer found | Morrisons offers threatened My Local staff jobs if no buyer found |
| (35 minutes later) | |
| The supermarket Morrisons has said it will offer jobs to most My Local staff in the event of the chain closing. | The supermarket Morrisons has said it will offer jobs to most My Local staff in the event of the chain closing. |
| Morrisons sold the convenience store business last September. | Morrisons sold the convenience store business last September. |
| Its new owner, the investment firm Greybull Capital, lined up administrators for the chain on Tuesday. | |
| "If no buyer is found, and stores close, we will welcome our former colleagues back to a job at Morrisons," the supermarket said in a statement. | "If no buyer is found, and stores close, we will welcome our former colleagues back to a job at Morrisons," the supermarket said in a statement. |
| A guaranteed job offer applies to those that worked at the chain when it was owned by Morrisons, although anyone hired in the interim will be considered. | A guaranteed job offer applies to those that worked at the chain when it was owned by Morrisons, although anyone hired in the interim will be considered. |
| "We are saddened and disappointed to learn that My Local is about to enter administration. We want to help our former colleagues who now work for My Local," Morrisons said. | "We are saddened and disappointed to learn that My Local is about to enter administration. We want to help our former colleagues who now work for My Local," Morrisons said. |
| My Local, formerly known as Morrisons' M Local, employs 1,650 people in approximately 130 stores. | My Local, formerly known as Morrisons' M Local, employs 1,650 people in approximately 130 stores. |
| It was sold to Greybull for £25m in a deal fronted by retail veteran Mike Greene, who appeared on Channel 4 show The Secret Millionaire. | It was sold to Greybull for £25m in a deal fronted by retail veteran Mike Greene, who appeared on Channel 4 show The Secret Millionaire. |
| The chain has struggled to compete in the cut-throat grocery sector, which is embroiled in a bitter price war. | The chain has struggled to compete in the cut-throat grocery sector, which is embroiled in a bitter price war. |
| KPMG has been appointed as administrator. It will try to sell the company as a going concern, but if that is not feasible, it may sell the individual stores off in batches, or they may be closed down. | KPMG has been appointed as administrator. It will try to sell the company as a going concern, but if that is not feasible, it may sell the individual stores off in batches, or they may be closed down. |
| The news follows the collapse of BHS and Austin Reed earlier this month. | The news follows the collapse of BHS and Austin Reed earlier this month. |