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Building a Successful Mutual Business Forum - Reflection on Past, Present, and Future Strategies

Explore the journey of mutual businesses over the past 40 years, discussing consolidation, performance, and future prospects. Witness the renaissance of mutuals, ethical practices, and strategic partnerships for sustained success.

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Building a Successful Mutual Business Forum - Reflection on Past, Present, and Future Strategies

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  1. Mutuals Forum ’09 ‘Building a Successful Mutual Business’ Thursday 22nd October 2009 Peter Marks Group Chief Executive

  2. Building a successful mutual business … Where have we been? Where are we now? And .. Where are we going?

  3. The past 40 years … Massive consolidation … Our competitors … The Co-operative Movement …

  4. The past 40 years …

  5. Renaissance - From Confusion …

  6. Renaissance - To Clarity …

  7. Renaissance – To Clarity …

  8. Renaissance – Our Financial performance … 14 quarters of like-for-like growth … Record annual results in 2009 … Sales up = 15% Profits up = 11% Record interim results in 2009 … Sales up = 27% Profits up = 17% Record levels of investment – £2.5bn over 3 years …

  9. The Co-operative Group + Somerfield … Britain’s favourite community food retailer

  10. The Co-operative Group + Somerfield … Big 4 becomes Big 5 … Deal is: Good for the Co-operative Good for Somerfield Good for competition Good for choice Good for customers

  11. More than food … UK’s third largest pharmacy business UK’s No.1 independent travel business Europe’s No.1 funeral service provider UK’s largest farmer - an important USP UK’s No. 1ethical bank …

  12. The Co-operative Group … Top 50 business £14bn turnover c.5,300 outlets 120,000 employees 21 million customers per week

  13. What makes us different? Our ownership model – Membership Our values and principles – Ethics in practice

  14. The thoughts of … Archie Norman “Corporate Social Responsibility is the number one issue for all businesses today and one which we ignore at our peril.”

  15. The thoughts of … Prof. Noreena Hertz, University of Cambridge “Goodbye Gucci. It’s the age of co-op capitalism … … I believe that the conditions are in place for a new form of capitalism to arise – co-op capitalism, with co-operation, collaboration and collective interest at its core.”

  16. The thoughts of … Andy Bond, Asda “A new era of ‘democratic consumerism’ … Today marks the start of a new democratic relationship between Asda and its customers, where customers are empowered to become active stakeholders in the business.”

  17. Revitalised Brand … Great time to be launching our new brand …

  18. Revitalised Brand … Play brand ad video …

  19. The future … Better shops … Better products … Better service … Better rewards … Better prices … and … Somerfield & Britannia integrations

  20. The future … Better shops … Better products … Better service … Better rewards … Better prices … And … Strong ethical brand … Ethical + Commercial = Unbeatable

  21. Renaissance of an iconic Brand… “The Times They Are A-Changin’ …”

  22. Mutuals Forum ’09 ‘Building a Successful Mutual Business’ Thursday 22nd October 2009 Peter Marks Group Chief Executive

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