{"id":5171,"date":"2026-04-24T15:56:49","date_gmt":"2026-04-24T15:56:49","guid":{"rendered":"https:\/\/www.worldpumpnews.com\/?p=5171"},"modified":"2026-04-24T15:56:49","modified_gmt":"2026-04-24T15:56:49","slug":"southern-co-op-close-to-administration-with-300-shops-at-risk","status":"publish","type":"post","link":"https:\/\/www.worldpumpnews.com\/?p=5171","title":{"rendered":"Southern Co-op close to administration with 300 shops at risk"},"content":{"rendered":"<p><\/p>\n<div><!--$--><\/p>\n<p><h2>They have hundreds of stores.<\/h2>\n<\/p>\n<p><!--\/$--><!--$--><\/p>\n<div class=\"custom-prose drop-cap \">\n<p>A major UK supermarket could collapse into administration.<\/p>\n<\/div>\n<p><!--\/$--><!--$--><\/p>\n<div class=\"custom-prose  \">\n<p>The supermarket, which has hundreds of stores, could put thousands of jobs at risk should it fall into administration.<\/p>\n<\/div>\n<p><!--\/$--><!--$--><!--\/$--><!--$--><\/p>\n<div class=\"custom-prose  \">\n<p>Southern Co-op have explained that three consecutive years of financial losses mean they are now on the brink of insolvency.<\/p>\n<\/div>\n<p><!--\/$--><!--$?--><template id=\"B:0\"\/><!--\/$--><!--$--><\/p>\n<div class=\"custom-prose  \">\n<p>Their &#8216;best case of survival&#8217; is to merge with the national Co-op Group.<\/p>\n<\/div>\n<p><!--\/$--><!--$--><\/p>\n<div class=\"custom-prose  \">\n<p>In a statement they said: &#8220;Southern Co-op has made losses for the past three years.<\/p>\n<\/div>\n<p><!--\/$--><!--$--><\/p>\n<div class=\"custom-prose  \">\n<p>&#8220;Over the last year, trading has become more difficult, and we have relied on ongoing support from our banks and suppliers to continue operating. That support cannot now be increased within the time available.&#8221;<\/p>\n<\/div>\n<p><!--\/$--><!--$--><\/p>\n<div class=\"custom-prose  \">\n<p>They have also warned that if members do not vote in support of joining the Co-op Group they will &#8216;most likely&#8217; be forced into administration putting jobs at risk.<\/p>\n<\/div>\n<p><!--\/$--><!--$--><\/p>\n<div class=\"custom-prose  \">\n<p>The statement read: &#8220;We know many members are asking whether there is another option.&#8221; the letter said.<\/p>\n<\/div>\n<p><!--\/$--><!--$?--><template id=\"B:1\"\/><!--\/$--><!--$--><\/p>\n<div class=\"custom-prose  \">\n<p>&#8220;We have asked the same question ourselves, repeatedly, over recent months. &#8220;The honest answer is that there is no solvent alternative available to us now which we could deliver in the time frame and without exposing the business to a much greater risk, and it&#8217;s important that we are clear about what this means.&#8221;<\/p>\n<\/div>\n<p><!--\/$--><\/div>\n<p>#Southern #Coop #close #administration #shops #risk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>They have hundreds of stores. A major UK supermarket could collapse into administration. The supermarket, which has hundreds of stores, could put thousands of jobs at risk should it fall into administration. Southern Co-op have explained that three consecutive years of financial losses mean they are now on the brink of insolvency. Their &#8216;best case [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2380,2510,5357,334,2580,5356],"class_list":{"0":"post-5171","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"tag-administration","9":"tag-close","10":"tag-coop","11":"tag-risk","12":"tag-shops","13":"tag-southern"},"_links":{"self":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/5171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5171"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/5171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/media\/5172"}],"wp:attachment":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}