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Latest The Co-operative Food Stories

2008-08-17 18:00:34

By Bokaie, Jemima The 16-year-old Somerfield brand will be phased out following the supermarket's Pounds 1.56bn sale to The Co-operative Group. At least 600 of Somerfield's 880 grocery stores nationwide are expected to be rebranded as The Co-operative Food. It is thought the group will have to sell up to 200 Somerfield stores to avoid referral to the competition authorities by the Office of Fair Trading. The removal of the Somerfield name will begin next year under the leadership of The...

2008-07-20 00:00:25

The Co-operative Group has agreed to buy supermarket firm Somerfield for pounds1.565 billion on a cash-free-debt-free basis. The Co-op Group this week announced it had bought the chain, which operates about 880 retail outlets in the UK - many in and around Plymouth. The combined food business will operate more than 3,000 grocery stores and generate net sales of about pounds8bn, making it - say bosses - a 'market leader in convenience food retailing and the fifth largest food retailer in...


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.