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Peter Marks Group Chief Executive

Mutuals Forum ’09 ‘Building a Successful Mutual Business’ Thursday 22nd October 2009. Peter Marks Group Chief Executive. Building a successful mutual business …. Where have we been? Where are we now? And .. Where are we going?. The past 40 years …. Massive consolidation …

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Peter Marks Group Chief Executive

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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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