Central Co-op and Chelmsford Star Co-op are considering a merger, in a move aimed to build a “stronger co-operative that champions communities, colleagues and greater value for members”.
By joining Central Co-op, Chelmsford Star Co-op would be part of creating a society with a turnover of almost £1bn. For the year ending 25 January 2025, Central Co-op’s turnover was £883.9m, while Chelmsford Star’s was £78.7m.
Uniting the two businesses, which have 320 years of combined co-operative heritage, would also reflect their shared values of creating a “positive impact for the communities and members they serve and providing rewarding and sustainable careers for colleagues”.
The proposed transfer requires approval by members of Chelmsford Star Co-op at two special members’ meetings. These will take place on Wednesday 16 July and Tuesday 5 August.
“This is an incredibly exciting moment for co-operation. During the UN International Year of Co-operatives, we have a shared vision to be a leading force in the co-operative movement, realising the transformative impact that co-operatives have on economies, communities and individuals,” said Central Co-op CEO Debbie Robinson and Chelmsford Star Co-op CEO Barry Wood in a joint statement.
“In an increasingly competitive marketplace, we believe that by harnessing our shared values we will build a stronger and more secure society.
“We welcome the proposed transfer and invite members to support this important moment which will deliver a future that continues to put members, colleagues and communities at the heart of everything we do.”
Central Co-op is one of the largest co-operatives in the UK, operating more than 450 outlets across 22 counties including Suffolk, Cambridgeshire and Hertfordshire. These sites include food stores, funeral homes, filling stations, post offices, florists, masonry outlets, a crematorium and a coffin factory. It is also owned by more than 500,000 members.
Chelmsford Star Co-operative operates 34 food stores, as well as nine funeral homes and two travel agencies.
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