David Lock

So the Coop is in a complete mess with a 2.5 billion black hole. So is this amount actually a loan that they have to pay interest on or what?

Do they need this money to keep going and, if so, who will want to put money into a company with such an appalling track record and no credible restructuring plan or a board of directors that knows its collective **** from its elbow? Plus a load of smaller Coop groups with no business acumen and a wish to keep their noses in the trough.

Or are they beyond rescue and, if they go under, who loses?

David

stevebt

iTrader: (8)

Just reading today that its looses are more due to America taking its hedge funds and they are just going to concentrate more on the smaller type store as its their best money earner.

ScoobyJawa

And thank Christ for that. I live in a Village (albeit with a Sainsburys) but the Co-Op opening times and days and the stock they have for such a little store is great. Its always chokka and would be sadly missed so glad that's exactly what they want to focus on.......