- Chelmsford Star Co-operative Society plans to merge with Central Co-op through a proposed transfer of engagements.
- If approved by members, the merger would create a society with a turnover exceeding £1 billion.
- Chelmsford Star operates 34 food stores, two travel agents, and 9 funeral homes in mid-Essex.
Chelmsford Star Co-operative Society has announced plans to merge with Central Co-op through a proposed transfer of engagements.
If approved by members, the move would create a society with a turnover exceeding £1 billion.
In a joint statement, Barry Wood, chief executive of Chelmsford Star Co-operative and Debbie Robinson, chief executive of Central Co-op said:
“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. In an increasingly competitive marketplace, we believe that by harnessing our shared values we will build a stronger and more secure Society.”
The proposed transfer requires approval by Chelmsford Star members at two special general meetings which will take place in late July and early August.
Chelmsford Star operates 34 food stores, two travel agents and 9 funeral homes across mid-Essex. It decided to close its two department stores in May.
Central Co-op is one of the UK's largest co-operatives and trades across 22 counties and operates in food, funerals and property investment.
