EMCC European Monitoring Centre on Change

Co-operative Group

Company/Organisation:
Co-operative Group

Geographic Location

Country: United Kingdom

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating

Employment Effects

Announcement Date: 28-12-2016
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2017
Planned Job Creation: 1500

Additional Information

The Co-operative Group has announced plans to invest GBP 70 million (€80 million) over 2017 to open 100 new stores, which will create 1,500 new jobs. The group is expanding its food stores across London, Yorkshire and Scotland. The first wave of stores will open in the first quarter of 2017; five stores will be opened in London by the end of March 2017. A spokesperson for the group said that they were committed to expanding its number of smaller convenience stores and would be looking for a similar scale of expansion in the future.