Thousands more retail jobs are at risk after the owner of the My Local convenience store chain announced its intention to put the firm into administration in the next couple of weeks.

Greybull Capital has lined up accountancy giant KPMG to act as administrator to its chain of more than 100 stores, which employ 2,300 people.

It is understood staff were briefed about the decision on Tuesday.

My Local was sold to Greybull last year by supermarket Morrisons and has struggled to compete in the cut-throat grocery sector, which is embroiled in a bitter price war.

The collapse caps a torrid few months for the retail sector, following on from the failures of BHS and Austin Reed,

KPMG will attempt to sell the business as a going concern but, if a buyer cannot be found, then the stores will be sold off piecemeal.