MY Local, the convenience chain formed after the purchase of the M Local stores of supermarket chain Morrisons last September, looks set to go into administration after its owner signalled its intention to appoint administrators.
The chain at one time included one former M Local in Edinburgh but now only has stores south of the border. It employs 2300 staff.
Headed by Mike Greene, the man who founded retail analyst HIM, and backed by Greybull Capital, My Local, when it launched, signed a deal with wholesaler Nisa, reported to be worth up to £1bn over five years.
If an administrator is appointed it is likely to try to sell the chain as a going concern.
Shopworkers union Usdaw said the group’s staff had been devastated. However, Morrisons released a statement saying it would re-employ its former workers if their store closed. Those who had joined My Local since the sale last year would be welcome to apply for vacancies, in its shops and other departments, it said.
