quote:
Originally posted by belgarion
Quote:
quote:Originally posted by SueJ
Presumably Foodstuffs want 10% to block a takeover by another player.
Foodstuffs are a cooperative not a corporate. They do supermarketing REALLY well, but they don't necessarily have clue 1 about buying companies.
I need to be careful about what I say here ...
1) Foodstuffs are a 'retailer'. Historically they have done food ... ('nuff said)
2) Yes, while a co-op, they have recognised a need to act like a 'company'
3) In Europe, many of the big players in the FMCG (Fast moving cheap goods) markets are co-ops.
... Underestimate co-ops ... and Foodstuffs ... at your peril ... Just by way of parallel, some of the biggest insurance companies are 'mutuals' ... same sort of concept but in this case a bit different.