British convenience chain McColls collapses

　　div classBodysc17zpet90 cdBBJodivpReuters – British convenience store chain McColls said on Friday it had been placed under administration of accounting and consulting firm PriceWaterhouseCoopers, as it failed to get shortterm funding from lenders to stay afloat.p

　　pThe news follows a report the cashstrapped firm was offered a lastminute deal by Morrisons, Britains fourthlargest supermarket group, to avert the administration and save the vast majority of its stores and jobs. pdivdivdiv classBodysc17zpet90 cdBBJodiv

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　　pp Reporting by Pushkala Aripaka in Bengaluru Editing by Krishna Chandra Elurip

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