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Administrators confirm sale of 26 My Local stores

Administrators for the My Local convenience chain have confirmed that they have sold 26 of the former stores thereby saving 372 jobs.

GENERAL MERCHANDISE

Administrators confirm sale of 26 My Local stores

The 26 stores across the UK have been sold to a number of convenience store operators. 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 and joint administrator at My Local, 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.”

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