The Co-operative Group

From Simple English Wikipedia, the free encyclopedia
A former Somerfield branch in Oakwood, Leeds after having been converted to a Co-op.

The Co-operative Group is a United Kingdom consumers' cooperative, and, after the acquisition of Somerfield supermarkets, is the world's largest consumer-owned business, with over 4.5 million members and 123,000 employees across all its businesses. Regional and local retail co-operative societies are corporate members of the Group.[1]

Each member (each person registered to the 'Co-operative Membership' scheme) and every person employed has an equal say in how the business is run.[2] Everyone has a right to help shape the company. The Co-operative Group runs several businesses, including the famous Co-op supermarket chain.[3]

Every year, members receive a share of the profits that they helped to create, based on the amount made in profits that year and how much they had spent with any of its businesses.

References[change | change source]

  1. "Membership dashboard". Archived from the original on 23 December 2016. Retrieved 22 December 2016.
  2. "Roderick, Edward Joseph, (born 23 Oct. 1952), Co-Chairman, Envestors (MENA) Ltd, 2008–13; Group Chief Executive, Christian Salvesen PLC, 1997–2004", Who's Who, Oxford University Press, 2007-12-01, doi:10.1093/ww/9780199540884.013.32977, retrieved 2022-04-11
  3. "Longworth, John, (born 14 May 1958), media commentator; Co-Chairman, Leave Means Leave, since 2016; Director General, British Chambers of Commerce, 2011–16", Who's Who, Oxford University Press, 2012-12-01, doi:10.1093/ww/9780199540884.013.256021, retrieved 2022-04-11