Overview
- The Co-op Group, which on Thursday confirmed Shirine Khoury-Haq will leave on March 29, named board member Kate Allum as interim chief executive.
- The retailer posted an underlying pre-tax loss of about £126 million for the year to January 3 after an April 2025 cyber attack disrupted stores and exposed members’ data.
- Company figures show the breach reduced revenue by about £285 million and caused a £107 million hit to profit.
- Management set a 2026 programme to cut roughly £200 million of costs, with potential job losses not ruled out.
- Reports from February of a senior-managers’ letter alleging a “toxic” culture were rejected by the Co-op, and Khoury-Haq called her departure a personal choice.