Co-op merger to bring huge shakeup to retail and funeral giant Retail The Co-op Group is preparing to takeover the Southern Co-op, in a merger which would bring a major shakeup to the retail and funeral giant in its bid to move on from a crushing cyber attack. The deal would see the group snap up around 300 food stores, funeral branches and Starbucks coffee shops. The [...]
Co-op warns 150,000 jobs at risk ahead of Autumn Budget Retail The Co-op has warned that 60,000 small shops and 150,000 jobs could be lost without business rates reform in next month’s Autumn Budget. The Manchester-headquartered group has said Britain’s high streets “face a critical moment” and that Chancellor Rachel Reeves needs to announce “maximum” business rates relief on 26 November. The call comes after City [...]
Co-op issues apology after hackers get hands on members’ personal data Retail The Co-op has apologised after hackers accessed and extracted members’ personal data such as names and contact details. The retail firm said on Friday it is experiencing “sustained malicious attempts” to access its systems, having already shut off parts of its IT systems earlier this week. It comes after fellow retailers Harrods and Marks & [...]
Arla Foods: Lurpak maker eyes cuts as it battles rising prices February 19, 2025 Arla Foods, the dairy giant behind the likes of Lurpak and Cravendale, has warned it is looking to make cuts of up to €110m (£91.1m) in 2025 as it battles rising prices and consumer uncertainty. The Danish-Swedish multinational co-operative, which has a large presence in the UK, added it expects to report a revenue of [...]
Reeves’ championing of co-operatives is an exciting step for growth November 15, 2024 Rachel Reeves' plan to revive co-operatives represents an innovative play for growth, writes City MP Rachel Blake.