Milk co-operative turns sour
Thursday, June 04, 2009
by Jim Riley
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A rare example of a form of business organisation that used to feature regularly in business textbooks has entered insolvency…
The business has:
- A turnover of £562m turnover
- 2,200 employees
- 1,800 farmer members, and
- a 10% share of UK milk production
The business is a co-operative named Dairy Farmers of Britain. But DFB has been forced into administration due to significant losses.
Might the result be higher milk prices in the supermarkets?
Categories: BUSINESS THEMES Business Organisation Credit Crunch Finance & Accounting
Tags: supermarkets, price, co-operative, dairy famers of britain
Tags: supermarkets, price, co-operative, dairy famers of britain
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