Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
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What happens next as McColls collapses into administration
manchestereveningnews.co.ukThousands of jobs are at risk after convenience store chain McColl's collapsed into administration. More than 16,000 are employed by the chain and their future is uncertain while the business owners rush to save the company.
The firm confirmed on Friday afternoon, May 6, that it has appointed administrators from PriceWaterhouseCooper. News services are reporting that both Morrisons and Asda have both put in bids to try and buy McColl's, which could mean that the company remains a fixture on UK high streets.
Administration is a process used to try and save a business when it can no longer afford to operate. The process takes the power away from the directors of the company and instead into the hands of a professional insolvency practitioner. READ MORE: 16,000 jobs at risk as convenience store chain McColl’s collapses But what exactly happens when a business enters administration?
And what could this mean for McColl's? When a business enters administration it is put into the hands of an administrator, who must be a licensed insolvency practitioner.
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