The Co-operative Food facts for kids
The Co-operative Food, often called the Co-op, is a well-known supermarket brand in the United Kingdom. It's special because it's part of a group of businesses called "co-operatives." Unlike many companies owned by a few people or shareholders, co-operatives are owned by their customers and staff. This means everyone involved has a say in how the business is run.
Contents
What is a Co-operative?
A co-operative is a business where the people who use its services or work there are also its owners. Imagine a club where every member gets to vote on important decisions. That's a bit like a co-op!
How Members Have a Say
- Voting Rights: Each member gets one vote, no matter how much they spend or work. This makes sure everyone has an equal voice.
- Electing Leaders: Members vote for a board of directors. These directors help guide the business's big plans.
- Sharing Profits: If the co-op makes money, a part of it is shared with the members. This share is often called a 'dividend'.
The Co-op's History
The Co-operative Group is the largest user of the Co-op brand. They have been around for a long time, serving communities across the UK.
Growing Bigger: The Somerfield Purchase
In 2009, The Co-operative Group bought another supermarket chain called Somerfield. They changed all the Somerfield stores into Co-op supermarkets. This helped the Co-op grow even larger and reach more customers.
Images for kids
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Co-op self-service grocers in London in 1933.
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Co-op supermarket in Ackworth, West Yorkshire in the 1990s-2000s.
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A Co-op branch at the University of Reading's Whiteknights Campus, showing the revived 1968 'Cloverleaf' logo.
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