Business owned and managed democratically by individual businesses that club together to collectively purchase their inputs. (e.g. Farmers collectively purchasing fertiliser, shop-keepers clubbing together to collectively purchasing their supplies)
Ace Hardware Corporation (USA): A hardware purchasing cooperative representing a number of retailers by buying hardware wholesale for its various shops.
Founded: 1924
Significance: largest retail cooperative in the USA
Businesses owned and managed by their suppliers (e.g. dairies owned by the farmers who supply to it; fruit processing plants owned by the farmers who supply to it; credit cards owned by banks who supply it with finance)
Land O Lakes (Milk Processor – USA)
Founded: July 8, 1921
Significance:
Membership: 1,959 direct producer-members, 751 member-cooperatives, 3,963 farmer-owners (2017)
Significance: The world’s largest worker cooperative, a network of cooperatives including a bank, auto, computer, and household goods industries, research and development centers, a university, and a retail chain.
Membership: 102 cooperatives, 85,000 individual members in total
Significance: Owned by a trust on behalf of the employees. Not directly by the members, so technically not a cooperative. Not necessarily managed in accordance with all the 7 cooperative principles.
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