Co-op to drop pharma and farmers after worst ever results

The Co-op has confirmed it will be selling its 15 farms in the UK and 750 pharmacies after making a £2bn loss last year.

The group’s full results, which are the worst in the bank’s 150 year history, are expected to be released on 26 March.

In a statement, the Co-op said: “As part of the wider strategic review of all of its businesses, The Co-operative Group has decided that its farms are non-core and has started a process that is expected to lead to a sale of the business.

“In addition, it is exploring options for the future of the pharmacy business; this could include the sale in whole or part of the business.”

NOW READ:

Could foreign banks be banned from the City?

Social Bookmarks