date:Apr 22, 2014
The Co-operative Group plans to sell around 60% of the stores it acquired as part of the 2009 acquisition of Somerfield.
The retailer has stated it will concentrate on its convenience sector instead.
Interim chief executive Richard Pennycock said, We have put together a new strategy for food which focuses heavily on convenience stores.
Those are the stores that work well for us in neighbourhoods.
Although acquiring Somerfield acquisition meant that the Co-op became the UKs fifth-largest food