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The Latest Breaking News from Shirine KhouryHaq

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

The Guardian - UK

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.

Evening Standard

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

The Guardian - UK

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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

The Guardian - UK

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

Evening Standard

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 Guardian - UK

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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.

The Independent UK

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

Manchester Evening News

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

The Guardian - UK

The Co-op issues warning after major deal and cutting hundreds of jobs boosts profits

The Co-op said that 'despite very challenging markets' it delivered a 'strong sales performance and maintained underlying profitability'

Birmingham Post

International Women's Day: 23 top British women business leaders for 2023

BusinessLive shines a light on some of the thousands of women exemplifying leadership around the UK

Birmingham Post

The Co-op hires former N Brown CFO as new finance chief

Rachel Izzard has also previously worked for Aer Lingus and British Airways

Birmingham Post

Co-op boss to ration her children’s Christmas presents to avoid ‘excess’

One-gift rule recognises plight of those struggling with cost of living, says CEO Shirine Khoury-Haq

The Guardian - UK

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Wales Online

The Co-op is giving staff paid time off for fertility treatments

The time off is flexible and unrestricted

The Independent UK

Co-op to give all staff paid leave for fertility treatments

Co-op’s boss Shirine Khoury-Haq said that she has gone through the process of fertility treatment herself and wants to support employees.

Manchester Evening News

The Co-op warns of future challenges as sales flatline and profits slashed

The Co-op said that 'decisive management action' had been taken to reduce operational costs

Birmingham Post

Profits slashed by £37m at the Co-op as sales flatline

The group announced plans to cut 400 jobs in July

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Birmingham Post

Nisa to slash prices after multi-million pound investment from parent company Co-op

New managing director's first public act to roll out range across store portfolio fed by Scunthorpe wholesale giant

Birmingham Post

Co-op Food boss won't return after taking career break to help sons through exams

The boss of Co-op’s wholesale arm Nisa is also stepping down

The Guardian - UK

Co-op to sell petrol forecourt business to rival Asda for £600m

Company says money from deal will be used to cut debt and reinvested in its ‘core convenience’ business

Wales Online

Co-op appoints first female CEO in its 159-year history

Shirine Khoury-Haq's salary has risen to an estimated £1 million after securing the top job at the Co-op group

Birmingham Post

Co-op confirms Shirine Khoury-Haq as CEO

Interim CEO given full-time role and says 'there is a lot to do'

The Independent UK

Co-op to cut around 400 jobs due to inflation hit

It is understood that the cuts will predominantly affect workers at its Manchester headquarters.

The Independent UK

Charles ‘interested’ in Tory leadership contest, Business Secretary says

Kwasi Kwarteng said he spoke to the Prince of Wales about the leadership election when they met at Buckingham Palace.

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