The Co-operative Group
The sense of disarray swirling around The Co-operative Group intensified today (11 March) with the resignation of CEO Euan Sutherland, who t...
Online sales in the UK are on the rise as consumers increasingly shop for their groceries over the internet. Online sales represent a key gr...
The UK's fifth-largest grocer had a challenging year - from trading issues to tabloid scandal and financial problems. However, Katy Askew ar...
The Co-operative Group has insisted it is well placed to maintain what it sees as a "leading" position in the UK convenience sector, even as...
The Co-operative Group has booked a jump in first-half losses as issues plaguing its troubled banking unit took a significant chunk out of the bottom line. However, the group's retail business saw a "solid" six months, with profits dipping only slightly on increased levels of investment. According to Steve Murrells, chief executive of food, these investments are moving the retail business in the right direction. Katy Askew caught up with Murrells to find out what the group has in the pipeline.
Belton Cheese has been on something of a roll, expanding its business into new international markets with fresh distribution deals in countries as far afield as the US and Japan. The group announced yesterday (30 April) that it is further growing its overseas presence through an agreement to expand into Russia's high growth dairy market. Katy Askew caught up with Belton sales manager Phil Jones to find out more.
This week, Mars waged war on Hershey, alleging its US rival was selling "fake" confectionery under the Malteser brand. Q1 results seasons gathered steam and one of the companies reporting, Unilever, admitted it was considering the future of two units. Elsewhere, in an apparent bid to keep up with the grocery sector price war, The Co-operative Group announced it was plugging GBP100m into price cuts and Hillshire Brands announced the purchase of US waffle-to-cereal maker Van's Natural Foods.
The Co-operative Group is to pour GBP100m of (US$168m) investment into slashing the costs of basic household products in an apparent bid to keep up pace with price cuts taking place across the UK grocery sector.
The Co-operative Group will sell around 60% of the space it acquired as part of the 2009 acquisition of Somerfield as the embattled UK grocer increases its focus on its core convenience estate.
The Co-operative Group today (15 April) reported "heavy losses" after a "disastrous" year in 2013 but insisted a strategic shift at its food retail arm had resulted in an improving performance.
Tesco was in the spotlight this week after the publication of its annual results confirmed what a challenging year the UK's largest retailer endured. Another UK grocer under scrutiny is The Co-operative Group, which reported banking-induced losses, but revealed it is re-sizing its food retail estate to give it more focus. Elsewhere, China's WH Group, of which Smithfield Foods is now a part, announced plans to list in Hong Kong and US group Post Holdings made another M&A move, with a deal to buy egg-to-dairy supplier Michael Foods.
The Co-operative Group is looking to sell its farms as part of plans to breathe fresh life into the UK business.
Aldi has embarked on an aggressive campaign to try to continue to draw shoppers away from the UK's Big Four supermarkets.
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