morrisons daily - Neighbourhood Retailer

Morrisons Daily choose Henderson Technology as EPOS partner

Caroline Rainey — Thu, 15 Feb 2024 12:08:50 +0000

Morrisons Daily has chosen EDGEPoS, the Electronic Point of Sale (EPOS) software created by Henderson Technology as its EPOS partner of choice.

The new five-year deal, agreed in January 2024, will see Morrisons Daily recommend the entire suite of products available from EDGEPoS to Morrisons Daily franchise customers.

Ron Whitten, C.F.O. of Henderson Technology, said: “This agreement with Morrisons Daily marks a significant milestone for our industry leading EPOS solution, as we join forces to offer our entire suite of EDGEPoS products to all Morrisons Daily franchise customers.”

Darren Nickels, Retail Technology Operations Director at Henderson Technology, added: “EDGEPoS is cutting-edge retail technology and delivers innovative solutions that meet the fast-changing high-tech needs of convenience and forecourt retailers. Together, we will provide Morrisons Daily retailers with new levels of success and a competitive edge through seamless integration and unparalleled support.”

The first installs under the new agreement have taken place at two forecourts in mid-Wales and T&K Foodmart convenience store in Kent.

Paul Dobson from Morrisons Daily, said: “We are delighted to announce Henderson Technology as our new EPOS partner for our Morrison Daily franchise stores. Following a thorough review we believe its EDGEPoS service will help to improve EPOS functionality for our franchises and the feedback from the first stores to receive the new kit has been really positive. We are looking forward to rolling it out to all our franchises in the coming months.”

Developed for the convenience and fuel forecourt market by Henderson Technology, EDGEPoS is an award-winning global EPOS software system. It is a fully scalable, real-time solution that supports businesses from one to one hundred lanes.

Henderson Technology supplies EDGEPoS to over 940 sites across the United Kingdom and Australia, including all SPAR, EUROSPAR and ViVO branded stores in Northern Ireland.

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Morrisons wins out after weekend battle with EG Group for control of McColl’s

Linda Stewart — Mon, 09 May 2022 13:06:13 +0000

Morrisons has triumphed in the battle to gain control of McColl’s Retail Group, one of Britain’s biggest convenience store chains, after a last-gasp offer to buy out its syndicate of bank lenders.

The supermarket giant saw off last-minute competition from filling station operator EG Group with an offer that will see McColl’s stores and workforce preserved in their entirety.

The deal will be structured as a pre-pack administration, meaning Morrisons will buy McColl’s immediately after it enters insolvency proceedings overseen by PricewaterhouseCoopers (PwC).

On Friday, Morrisons said it believed there was no reason for the corner shop empire to be declared insolvent, but the pace of events over the weekend, with McColl’s teetering on the brink of collapse, left PwC with no time to finalise a solvent transaction, Sky News reports.

Morrisons’ commitments to the future of McColl’s include retaining all 1,100 stores and 16,000 workers, as well as honouring all of its outstanding pension obligations, an insider said.

On Friday evening, EG Group appeared to have sewn up a takeover of McColl’s, although its stance towards the company’s two pension schemes had begun to draw political scrutiny.

McColl’s lenders rejected a solvent rescue offer from Morrisons on Friday that would have involved them rolling over more than £100m of debt into the supermarket chain, but being repaid in full as the loans expired.

The lenders, which include Barclays, HSBC and state-backed NatWest Group, were seeking immediate repayment of their loans, initially leading them to favour EG Group

Confirmation of administration proceedings will make it the largest insolvency in the UK retail sector by size of workforce since the collapse of Edinburgh Woollen Mill Group in 2020.

Since then, both Debenhams, which employed about 12,000 people, and Sir Philip Green’s Arcadia Group, which had a workforce numbering roughly 13,000, have also gone bust, becoming casualties of changing retail shopping habits and the pandemic.

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Morrisons and forecourt retailers EG Group table rival bids for McColl’s

Linda Stewart — Mon, 09 May 2022 08:54:01 +0000

Rival bidders Morrisons and the EG Group are in a last gasp race to buy the convenience chain McColl’s.

Morrisons’ final last-minute offer came on Sunday and it is understood that EG Group, the petrol station empire owned by billionaire Issa brothers, has now met this bid with a revised proposal. Their final offer would take on the funding of McColl’s pension schemes.

Administrators are set to be appointed for the business which has 1,100 stores.

EG Group had been poised to buy McColl’s but Morrisons tabled its 11th-hour improved offer on Sunday. Britain’s fourth biggest supermarket chain is offering to take on all the stores and staff.

Morrisons had already agreed to take on McColl’s debts, but it is now understood to be willing to pay McColl’s lenders in full, straightaway, matching a similar pledge thought to have been made by EG Group. Morrisons is also prepared to take on McColl’s pension commitments.

It is now thought EG’s rescue deal also includes the pensions scheme – bringing the offers neck and neck.

The trustees of the McColl’s pension schemes have written to the Business Secretary, Kwasi Kwarteng, urging him to do whatever he can to make sure pension scheme members are protected.

Morrisons is McColl’s key wholesale supplier. It has also formed a tie-up with the chain to convert hundreds of McColl’s shops to Morrisons Daily convenience stores. There are more than 200 now and these have been performing well.

Morrisons saw its earlier offer to take over the chain turned down on Friday. That set in motion the insolvency process, which is due to proceed in the courts.

McColl’s employs around 16,000 staff across the chain but only around 2,000 are in the two defined benefit pension schemes that are at risk.

EG Group already owns thousands of petrol stations, including forecourt shops, and other convenience stores in the UK, Ireland, Europe, Australia and the US – and is expected to retain McColl’s sites and staff.

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