A label group? A group of labels under the same unbrella, in this case Downtown Music, Wichita Recordings, Bella Union, V2, Kitsune, Heavenly Recordings, DFA records, Lex Records, and Moshi Moshi -at least in Europe,. I donbt every much they will doing that in the States.
Co-Op is an off shoot of V2 Music and owned by (them again) Universal Music.
Co-Ops initial releases in January 2011 will be new albums by Edwyn Collins and Yelle and in March by French band Jamaica