Devon Southern Co-Op Stores 'at Risk'
The regional retailer says three straight years of losses and expected operating losses above £20 million leave a merger as its best survival option.
6 Articles
6 Articles
Burnham-On-Sea Co-op store among 15 Southern Co-op outlets 'at risk' as chain warns of administration
Southern Co‑op has warned it could be forced into administration after three consecutive years of financial losses, putting 15 Somerset stores – including its branch on Berrow Road in Burnham-On-Sea – at risk of closure. The regional retailer, which operates more than 300 supermarkets, funeral homes and coffee shops across southern England, has told members that a proposed merger with the national Co‑op Group is now its only realistic route to s…
Southern Co-op Warns Of Insolvency If Merger With Co-op Group Doesn’t Go Ahead
The Chairman and Chief Executive of Southern Co-op has written to its members telling them the proposed merger with the Co-op Group announced earlier this month is the best option to save the society from the likelihood of falling into (more…) The post Southern Co-op Warns Of Insolvency If Merger With Co-op Group Doesn’t Go Ahead appeared first on KamCity.
Southern Co-op warns of insolvency without merger with Co-op Group
The chair and chief executive of Southern Co-op have written to members advising that the proposed merger with the Co-op Group is the best way to avoid going into administration following three years of losses. Janet Paraskeva and Ben Stimson wrote the letter to clarify the society’s… This story continues at Southern Co-op warns of insolvency without merger with Co-op Group Or just read more coverage at Talking Retail
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