Administrators appointed to My Local

My Local supermarket in Rochdale town centre

Mark Orton and Blair Nimmo from KPMG Restructuring have been appointed joint administrators to MLCG Limited, the convenience store chain trading as My Local which has 125 trading stores across the UK.

http://www.rochdaleonline.co.uk/news-features/1/business-news/103689/my-local-supermarket-closed-for-good-as-supermarket-chain-goes-into-administration

My Local employed 1,658 people across the UK. 

Mark Orton, partner at KPMG and joint administrator at My Local, said: “Companies across the convenience store sector have faced significant challenges in recent times, through increasing competition, pricing pressures, changes in customers’ buying habits and general structural change within the sector.

"Since taking over the business in October last year, the management have faced tough trading conditions and despite their best efforts to improve performance, My Local was ultimately unable to return to viability.

"Having explored a number of other options, the directors were unable to find a way forward and took the difficult decision to place the company into administration.”

Recent data from the Local Data Company (LDC) suggested that convenience stores were the slowest growing segment in the food and groceries market over the last five years.