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The Co-operative Electrical

Co-operative Group Limited
Consumer Co-operative
Industry Wholesale, Real Estate, Finance, Social Enterprise, Education & Retail
Founded 13 December 1844 (13 December 1844)
Headquarters One Angel Square,
Manchester
,
United Kingdom
Number of locations
4,200+
Key people
Allan Leighton
(Group Chair)
Steve Murrells
(Chief Executive)
Services Food
Digital
Funeralcare
Insurance
Legal Services
Co-op Membership
Revenue Increase£9.5 billion (2016)
Decrease£59 million (2016)
Members Increase 4.35 million (active members, 2016)
Number of employees
Over 60,000 (2016)
Subsidiaries The Manx Co-operative Society Limited
100+
Website coop.co.uk

The Co-operative Group, trading as The Co-op, is a British consumer co-operative with a diverse family of retail businesses including food retail; electrical retail; financial services; insurance services; legal services and funeralcare, with in excess of 4,200 locations. It is the largest consumer co-operative in the UK and owned by more than 4 million active members. Membership is open to everyone aged 16 and over in the society, provided they agree to subscribe £1 sterling in the capital of the society out of their first share of the profits and share the values & principles upon which the group was founded. Members are democratically involved in setting business strategy, decide how social goals are achieved, and share in its profits - in the 2016 £19m was returned to members and their chosen local community causes via the 5+1 scheme. No year end dividend was paid in 2015.

The Co-operative Group has over 70,000 employees across the UK. The group has headquarters in NOMA, Manchester on a listed eight-building estate which includes its head office One Angel Square, the CIS Tower, Hanover Building, New Century House and Redfern Building. The Group also manages The Co-operative Federal Trading Services, formerly the Co-operative Retail Trading Group (CRTG), which sources and promotes goods for food stores of the co-operative movements of the UK. It introduced The Co-operative brand in 2007, which is used by many consumers' co-operatives in the UK and managed by the group. It replaced this for its own businesses with a revitalised version of its late 1960s "Co-op" logo in 2016.

The business has long established itself as an ethical retailer, allowing women the same democratic rights within the society as men since its founding and was the first major UK retailer to champion Fairtrade. The Co-operative Group has also pioneered a number of other initiatives which are now commonplace, including easily-interpretable providing nutritional information on its own brand food, raising animal welfare standards, install their own renewable energy generation and investing significantly in community projects (1% of members' own-brand spend goes to a local cause of their choice). It has held the Fair Tax Mark since 2015.


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