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About: Co-operative Federal Trading Services     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatPurchasingConsortia, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcompanyschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseyago:WikicatConsortiaInTheUnitedKingdomyago:WikicatCooperativesyago:WikicatOrganizationsEstablishedIn1993yago:Abstraction100002137yago:Association108049401yago:CommercialEnterprise108065093yago:Consortium108236438yago:Cooperative101100877yago:Enterprise108056231yago:Group100031264yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityBandorganisationyago:SocialGroup107950920yago:WikicatPurchasingConsortia New Facet based on Instances of this Class

The Co-operative Federal Retail and Trading Services is the central buying group for co-operative retail societies in the United Kingdom. It came into its current structure in 2015, though its predecessor was established in 1993, and it supplies almost all food bought for sale by the over 4,000 co-operative foodstores in the UK. The buying group is owned and controlled by each of its member societies but is managed by The Co-operative Group on their behalf. It operates by pooling the collective £8.5bn buying power for 18 co-operative societies in the UK, allowing them to negotiate better prices from suppliers, so as to compete effectively with other UK supermarket chains.