Your Co-op Travel parent Midcounties Co-operative is in advance discussions about a merger with Central Co-op.
If approved, the combined society would have more than one million members, 13,000 colleagues and a portfolio of specialist businesses including 70 travel agencies, 500 food stories, 170 funeral homes, 50 nurseries and 500 investment properties in the UK.
Midcounties Co-operative Chief Executive Phil Ponsonby said: “We have a unique opportunity to create a Society for the future, something that reflects the priorities of our members and addresses the challenges of our time.
“This potential merger would strengthen our ability to innovate, invest and cross-market a broad family of businesses to create a strong and stable platform for future growth.”
Central Co-op President Elaine Dean said: “As co-operators, we know that by working together, we can achieve more for our members, colleagues and communities.
“By combining our strengths, we can create a co-operative society that is more influential, more resilient and more ambitious, while helping ensure that the co-operative movement continues to grow and inspire. We look forward to continuing discussions with the Midcounties Board over the coming weeks.”
