Southern Co-op says three years of financial losses means it is on the brink of administration – as many as 300 stores across the UK could be at risk
A leading UK supermarket has warned it could collapse into administration, leaving thousands of jobs at risk.
Southern Co-op says three years of financial losses means it is now on the brink of insolvency. The regional giant operates more than 300 supermarkets, funeral homes, and coffee branches across the south of England – with all at risk of closing unless it merges with the national Co-op Group.
The company’s chair and chief executive have written to members…