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The Latest Breaking News from Shirine KhouryHaq

Retail boss quits ahead of major £200m cost-saving plan

IN FULL

The Independent UK

Co-op boss steps down following ‘toxic culture’ claims and cyber-attack

The retail and funeral care giant has also unveiled plans to cut £200 million in costs

The Independent UK

Co-op boss to quit after ‘toxic culture’ claims as £200m cost-cutting launched

The departing chief executive failed to rule out potential job cuts as the retail and funeral care firm seeks to bounce back from significant losses.

Evening Standard

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Co-op boss quits after year marked by cyber-attack and claims of ‘toxic’ culture

Shirine Khoury-Haq denies exit linked to allegations about behaviour at retail and funerals group as it sinks to £125m loss

The Guardian - UK

Co-op boss quits after ‘toxic culture’ claims and cyber attack

Last month, the Co-op defended its culture and the behaviour of its bosses after reports said senior managers had complained of a ‘toxic’ environment.

Evening Standard

‘Attacks will get through’: head of GCHQ urges companies to do more to fight cybercrime

Anne Keast-Butler says government and business must to work together to tackle future attacks as AI makes cybercrime easier

The Guardian - UK

Co-operative Group set to take £120m full-year earnings hit from cyberattack

The retailer suffered an £80 million blow to its interim earnings and is expecting another £40 million impact over the second half.

The Independent UK

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Demand for UK government debt falls as political risks spook bond market – as it happened

UK bond yields have risen today, as an auction of government debt received only weak demand. Economists blame policy uncertainty.

The Guardian - UK

Co-op says ‘malicious’ cyber-attack has hit profits by £80m

Retailer says it needs to focus on weaknesses in food business that led to gaps on shelves in its stores

The Guardian - UK

Co-op chief ‘personally hurt’ following cyber attack that stole 6.5 million members’ data

Co-op’s chief executive has confirmed that all 6.5 million members had their data stolen during a cyber attack in April.

The Independent UK

All Co-Op’s 6.5 million members had details stolen in cyber attack, boss confirms

Security experts advise affected

The Independent UK

Data of all 6.5 million Co-op members stolen - CEO says she is 'incredibly sorry'

The Co-op CEO confirmed that the details of all 6.5 million members were stolen.

TechRadar

Co-op boss admits all 6.5m members had data stolen in cyber-attack

CEO Shirine Khoury-Haq says hackers stole contact details of all members but not financial data such as card numbers

The Guardian - UK

Data stolen from 6.5 million Co-op members in ‘devastating’ cyber attack

In late April, the company shut off parts of its IT systems after the attack, in which hackers accessed and extracted members’ personal data.

Evening Standard

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Evening Standard

Co-op boss apologises after retailer hit by ‘highly sophisticated’ hackers

The Manchester-based co-operative is among a number of retailers, including Marks & Spencer and Harrods, to have been hit by hacks.

The Guardian - UK

Co-op to open at least 120 more grocery shops after profits rise five-fold

Mutual reports increase from £28m to £161m, but says ministers ‘layering costs’ on retailers could hit high streets

Evening Standard

Co-op sees profits surge but cautions over rising costs

The member-owned mutual reported pre-tax profits of £161 million in 2024, up from £28 million in 2023.

The Guardian - UK

Rollback on diversity policies ‘risks undoing decades of progress’, says Co-op

As Donald Trump reverses discrimination initiatives in the US, Co-op says it is holding firm on DEI having seen the benefits

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The Guardian - UK

Pubs furious at Co-op ad urging Euro 2024 fans to ‘stay in’ with a meal deal

Supermarket accused of targeting struggling industry as promotion states football hard to see on a pub TV screen

Evening Standard

Co-op eyes 8 million members by 2030 in vote of confidence for mutual business model

It has been a more difficult time for other firms owned by employees or members

The Guardian - UK

Co-op profits rise despite record shoplifting levels in food stores

Chain signs up 1m new members and invests more than £90m in cutting prices

The Guardian - UK

‘It’s still disruptive’: why the Co-op’s first female boss has big plans for expansion

Shirine Khoury-Haq has faced hard times and family tragedy in a career that has taken her from working in Pizza Hut to the head of the boardroom

The Independent UK

One in three young people say families relied on food support – study

A report from the Co-op and Barnardo’s outlined the ‘stark impact’ of the cost-of-living crisis on people aged 10 to 25.

Manchester Evening News

The Co-op rules out more redundancies after axing 800 roles

However the CEO did say there are still 'opportunities for efficiencies' after taking the 'low hanging fruit' of making redundancies in 2022

The Guardian - UK

Co-op expects fall in profits amid ‘turbulent economic headwinds’

Warning for year ahead comes as profits fall 11% at grocery arm but remain steady across rest of group

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