Mutual retailer triples boss’s pay to £2.2m despite fall in profits
Summary
OurCoop, a mutual food retailer in England, increased its chief executive’s pay to £2.2 million despite falling sales and profits. The company also raised pay for other top executives while not paying an annual profit share to members this year.Key Facts
- OurCoop runs about 500 food stores in England and is separate from the larger Co-op Group.
- CEO Deborah Robinson’s total pay rose to £2.16 million, including salary increases and bonus payments.
- Another top executive’s pay increased to £1.13 million with similar bonus and one-off payments.
- The company’s sales fell 4.4% to £844.6 million, and trading profit fell by nearly half to £4.3 million in the year ending January 2026.
- Net debt rose to £36 million during the same period.
- OurCoop was formed by merging three co-operative societies between 2025 and early 2026.
- The pay increases were explained by the company as necessary to retain executives during a period of major change.
- Members approved the pay packages in a vote, with 85% in favour, despite some criticism around transparency and financial results.
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