Share of the profits
As a member of The Co-operative Group, you can earn points when you shop with us. The value of a point is linked to the profit our business makes. After recording the biggest loss in our history last year, we made a small profit in the first half of 2014. We are using that money to support our rebuild plan. By investing money in this way, we are improving our Food stores, our Insurance business, our Funeral homes, our online Electrical business and our Legal services. This much needed investment means we will not be making a dividend payment to our members at this time.
Whilst this is disappointing news we are now on the way to rebuilding the Co-op. Our elected members have approved radical changes to our governance structure, and introduced one member one vote – so in future you will have a real say in how the business you own is run.
You can find out more about The Co-operative Group here. If you have any questions about your payment, please email firstname.lastname@example.org or call 0800 023 4708
To find out more on how The Co-operative Membership share of the profits scheme works, and the rewards from each business take a look at the full Terms and Conditions of the scheme.
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