Co-operative Group posts significant loss
Britain’s Co-operative group shown loss of 2.5 billion pounds, (three billion euros), this past year.
Co-op was struck by an exodus of top professionals along with a huge funding gap at its bank.
The team claims the outcomes, which emphasize fundamental failings in management, are a wake-up call to its severe problems.
Co-op’s status was further damaged with a drugs scandal involving its then bank chairman, Paul Plants.
The former Methodist minister was charged with drugs offenceson costs associated with possession of ketamine, methamphetamine and cocaine.