The Co-operative Group looks to sell its farms and pharmacies

Thu, 27 Feb 2014 | DIVISION SALE

The Co-operative Group has revealed plans to sell its farms business and a further possible sale of its pharmacy chain in a bid to address its significant losses.

The mutually owned company is readying itself for reported losses exceeding £2 billion, which would be its worst ever.

The farms were considered non-core in a group-wide strategic review of the businesses, which encompass food, banking, legal services and funeral parlours. The new chief executive Euan Sutherland led the review. The Co-operative Group had £1.2 billion of debts at the close of its first half in July and is anticipating more losses at the bank.

The chain of small pharmacies number 750 and employ 6,500 staff. The group thinks it needs investment to strengthen its position beside rivals like Alliance Boots.

The 15 farms are also in need of a cash boost. The Co-op started buying farms in the late 19th century to ensure an influx of food to its shops.

The Co-op is expected to defend the sale by saying that only two per cent of its produce, mostly potatoes, goes to the stores, and the bulk of it is sold on to other companies.

Established farmers, or those looking to enter farming, may welcome the chance to purchase the operating farms.

Related information:
Guides to selling a business

Share this article

Latest Businesses for Sale

Specialist Seating Manufacturer
UK Wide

Manufactures a range of specialist seating for those with debilitating conditions, including neurological conditions, along with specialist paediatric care chair manufacturing. Unlimited bespoke manufacturing capabilities. Offers invited.

Asking Price: Offers Invited
Turnover: £941,000


Printer & Copier Products Service Provider
UK Wide

Established over 35 years and based in the South East. Sell and lease printer and copier products, as well as offering repair and maintenance services. Ongoing maintenance contracts of up to 5 years, coupled with lease agreements, contribute to circa...

Asking Price: Offers Invited
Turnover: £785,000


Provider of Joinery & Building Services
North West, UK

Specialises in high-quality refurbishment and maintenance works, including joinery, plumbing, groundworks and building works. Operates on a diverse range of projects across a variety of sectors, including education, construction and social housing. O...

Asking Price: Offers Invited
Turnover: £3,000,000


View more businesses for sale

News Search

Latest News


Impact REIT snaps up Suffolk-based Cardinal Healthcare business | BUSINESS SALE

Impact REIT has successfully acquired Cardinal Healthcare, a...


Cheshire-based SRL Traffic Systems completes MBO | MBO/MBI

SRL Traffic Systems, a manufacturer and supplier of portable...


AFH Financial Group acquires two firms for £7.2 million | BUSINESS SALE

AFH Financial Group, a listed wealth management firm headqua...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


Co-op jettisons non-core business Sunwin Security Services | DIVISION SALE

The Co-operative Group is set to sell its security services ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources