Mike Greene is heading £25m takeover of 140 of supermarket’s M Local shops, backed by Greybull Capital – best-known for investing in Comet chain

A former bankrupt who later built a consultancy business and went on to appear on Channel 4’s The Secret Millionaire is to acquire Morrisons’ struggling portfolio of convenience stores, backed by a controversial buyout firm.

Mike Greene, who has spent 20 years on the board of the Association of Convenience Stores and founded the Association of Retail Newsagents, is leading the £25m takeover of 140 M Local branches.

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Source: The Guardian Circular Economy RSS