Jobs safeguarded as Co-op sells off Derrys

Plymouth’s Derrys Department store is set to be sold to Liverpool-based group Vergo Retail Ltd, but the 180 full-time and part-time are to be safeguarded.

Plymouth and South West Co-operative Society is moving out of non-food retail and the sale not only affects the Derry’s store, but also the Homemakers tories in Plympton, Launceston, Kingsteignton and Exmouth.

Douglas Fletcher, chief executive of the Plymouth and South West Co-operative Society, told the Plymouth Herald: “The society is well known for its non-food stores, especially Derrys department store in Plymouth, so it has been a very difficult decision for us to seek a purchaser.

“From a business point of view, however, the loss-making non-food side of the business was unsustainable. This has been compounded by the Co-operative movement as a whole moving away from the non-food market with a resultant loss of group-wide buying power.

Read the full story

• Author
• Recent Posts

the Devon Week

The Devon Week is the name for our Staff Writers here at the Devon Week. If you'd like to become a staff, or named, writer drop us a line. The Devon Week is part of News and Media Republic, a not-for-profit social enterprise, which aims to encourage debate and engagement in the political, social and creative life of the region

Latest posts by the Devon Week (see all)

• Dementia support worker and hubby walk coastal path - September 15, 2020
• Body Language ii / Harbour House gallery reopens - September 14, 2020
• Exeter MBA free inspirational events - September 13, 2020