 On 4 January 2019, MAEL also fell into Administration with the loss of 408 jobs.British supermarket chain Morrisons sold its "M Local" convenience store subsidiary to a team led by retail entrepreneur Mike Greene, backed by Greybull Capital, for £25m, incurring a loss of about £30m.Under Greybull's ownership, 140 stores were rebranded ‘My Local’, safeguarding jobs of the 2,300 staff.