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This chapter is concerned with how co-operatives cope with arguably the greatest threat to staking a claim to the economic mainstream: the crises which emerge from time to time within co-operatives and events which threaten to undermine the credibility of co-operation as a viable economic, business and social model. Its’ main focus is on the recent crisis of The Co-operative Group in Britain and its historical roots since the 1950s, but also draws on the postwar experiences of several European co-operative movements.