Administrators do deals for 26 My Local stores
ADMINISTRATORS of convenience chain My Local have sold 26 of the retail outlets saving a total of 372 jobs.
The deals are with several convenience store operators and the affected stores are around the country, including in Rugeley.
The deal follows the appointment of Mark Orton and Blair Nimmo of KPMG to MLCG, trading as My Local, on June 29.
Following their appointment, Gregory Palfrey, Gilbert Lemon and Paul Wood of Smith & Williamson were appointed joint administrators to ML Convenience Ltd and ML Stores, which held the leases on My Local’s stores.
A total of 372 My Local employees have transferred to the respective owners of the stores in which they work.
Mark Orton, partner at KPMG, said: “From the outset of our appointment, there has been strong interest shown in certain My Local stores, reflecting the demand for high quality retail space in prime town centre locations.
“Working closely with the team at Smith and Williamson, we are therefore delighted to have been able to safeguard the future of 26 stores and moreover, the jobs of 372 staff. Over the coming days and weeks, we are hopeful of concluding a further 16 sales and will provide an update in due course.”
My Local was launched last September after retailer Mike Greene, backed by Greybull Capital, bought Morrisons’ M Local chain. However it struggled from the start and was forced into administration after just 10 months.
