Exclusive: Getir teams up with Co-op as rapid delivery firm looks to grow UK presence October 26, 2022 Getir has joined forces with Co-op to deliver groceries from the retailer to consumers in a hurry. The rapid delivery firm will launch a pilot to offer app users hundreds of Co-op products across London from today. Nisa Retail, Co-op group’s wholesale division, will be working with Getir to supply the range of around 300 [...]
CMA probes Asda’s £611m Co-op petrol station takeover deal over fears it could hike fuel prices March 14, 2023 Asda’s £611m takeover over of 132 Co-op petrol stations has come under scrutiny from the UK’s competition watchdog over concerns the deal was likely to push up fuel prices. After the supermarket snapped up the sites last October the Competition and Markets Authority (CMA) launched a Phase 1 investigation at the start of this year [...]
30-min weekly shop: Uber Eats and Co-op team up for rapid delivery service August 23, 2022 Co-op and Uber Eats are partnering up for a speedy service as the grocery sector’s battle for convicent delivery hots up. On the Uber Eats app, shoppers can order more than 6,000 products from around 1,000 Co-op food stores. Groceries are to be delivered in as little as 30 minutes, the firms said on Tuesday [...]
First of its kind in UK retail: All 60,000 staff at Co-op to be given paid time off for fertility treatments October 31, 2022 In what is considered a unique new policy by a major UK retailer, all 60,000 employees at supermarket giant Co-op will be able to take paid time off for fertility treatments. Co-op’s chief executive, Shirine Khoury-Haq, said that she has gone through the process of fertility treatment herself and wants to create a supportive environment [...]
Booming mortgage lending swings Co-op Bank back to profit February 24, 2022 A sharp rebound in mortgage lending amid a rampant UK housing market swung Co-operative Bank back to profit last year, the bank announced today. A near three-fold increase in net mortgage lending pushed profits at Co-op Bank to over £30m, up from a £103.7m loss in 2020. An ultra-low interest rate environment stoked demand in [...]
Co-op heralds first female CEO as Steve Murrells steps down March 25, 2022 Co-op Group CEO Steve Murrells is to step down, paving the way for the supermarket’s first female boss. Shirine Khoury-Haq, who currently holds the role of group CFO and CEO of Co-op Life Services, will become interim CEO this spring. Exiting boss Murrells will step down after the supermarket’s AGM in May and said the [...]
Co-op profit hammered by supply chain disruption as chair warns of ‘stark headwinds’ April 7, 2022 The Co-operative Group’s profit has taken a battering after “significant supply chain disruption” last year, as the grocer pledges to support customers amid a cost of living crunch. The supermarket reported profit before tax of £57m for 2021, down £70m on the year before when it pocketed £127m. The Manchester-based grocer did mark higher profit [...]
Co-op launches guide to help managers support women going through the menopause April 3, 2022 The Co-op is launching a guide to help its 4,500 managers help women access support dealing with the menopause. The grocer said its own internal research had found that more than half of managers in the UK do not feel confident in supporting a colleague dealing with perimenopause or menopause. A survey of 2,000 adults [...]
Co-op bank confirms TSB approach October 25, 2021 The Co-op bank has today confirmed it approached Spanish lender Banco de Sabadell over buying fellow bank TSB. The bank said that it sent a letter to Banco de Sabadell but that no discussions are currently taking place between the two banks. More to follow.
Jo Whitfield’s leave from Co-op is an exercise in privilege as well as change February 14, 2022 Last week, Jo Whitfield, the head of the Co-operative Society’s food arm, announced she would be taking four months of unpaid leave later in the year to help her sons through their A-level and GCSE examinations. On the one hand, the Co-op was lauded for its progressive and flexible approach to employment, and for allowing [...]