The Co-operative Group may sell Down Ampney vineyard

Co-op may sell Down Ampney vineyard

Co-op may sell Down Ampney vineyard

First published in News Wilts and Gloucestershire Standard: Photograph of the Author by , Reporter

THE Co-operative Group has shocked the farming community by making the decision to sell its farming assets.

It was reported recently that the group faces a loss of more than £2billion for 2013 which is the worst in its history.

Co-op’s first ever vineyard is based in Down Ampney, near Fairford and has been operating since 1918 but now it is expected to be sold due to the group deciding to move on from farming. Co-op as a whole has been farming since 1896.

A spokesman for the Co-operative Group said: “As part of the wider strategic review of all of its businesses, The Co-operative Group has decided that its Farms are non-core and has started a process that is expected to lead to a sale of the business.

“In addition, it is exploring options for the future of the Pharmacy business; this could include the sale in whole or part of the business.”

The news will be officially announced on March 26 by Co-op’s chief executive Euan Sutherland who will tell members of the Co-op’s regional boards that its farming operation of 15 farms will be sold.

He is also to reveal that the group is considering selling its 750 pharmacies which have come under financial pressure as the NHS tries to save money on prescriptions.

At the moment Savills is advising Co-op on its strategy for the sale of its farming business.

Specifically, a spokesman for Savills said they were working with Co-op in terms of whether to sell the farm land in at Manor Farm at the Down Ampney estate.

She said: “We’re currently working with Co-op to find out what the farm’s future will be but we’re not ready to release any more information just yet,."

Comments (1)

Please log in to enable comment sorting

3:28pm Fri 7 Mar 14

Col Mustard says...

Co-op’s first ever vineyard is based in Down Ampney, near Fairford and has been operating since 1918 .

Wrong ,wrong wrong........The vines were planted in 2010 across 6 acres.The grape variety planted was " Ortega". The 6,240 vines were to be an experiment to see if the Coop could be the first Supermarket chain to grow their own wine. Laudable ambition. Spoilt totally by the idiot Banking group of the Coop headed up by some fat coke sniffing queen who should have been prosecuted for possession of a class A drug......but we don't jail bankers do we !!!!!
Co-op’s first ever vineyard is based in Down Ampney, near Fairford and has been operating since 1918 . Wrong ,wrong wrong........The vines were planted in 2010 across 6 acres.The grape variety planted was " Ortega". The 6,240 vines were to be an experiment to see if the Coop could be the first Supermarket chain to grow their own wine. Laudable ambition. Spoilt totally by the idiot Banking group of the Coop headed up by some fat coke sniffing queen who should have been prosecuted for possession of a class A drug......but we don't jail bankers do we !!!!! Col Mustard
  • Score: 2

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree