Fleet Foxes scoop a coup for Co-Op.

Co-Operative Music was yesterday (Sunday) on track to enjoy its biggest success since parent company V2's acquisition by Universal in 2007, with Fleet Foxes poised to enter the top five of the albums chart some eight months after the UK release of their acclaimed debut.

Buoyed by Radio One support and a repackaged version of the album released last week by Bella Union, the self-titled debut was looking to join Bruce Springsteen and Kings Of Leon in the top three to give Co-Op its biggest chart result in the UK to date.

Co-Operative Music was established as an international marketing and distribution organisation under V2 Music Group in 2002, providing support to independent labels such as Bella Union, Moshi Moshi and Wichita Recordings.

Following the sale of V2 to Universal, the organisation has been working under the leadership of managing director Vincent Clery-Melin to bolster its global presence, but in particular in the UK, where it has been established as a standalone operation for the first time.

It has also effectively acquired the V2 label, which is now an operational A&R source, with Clery-Melin and head of marketing Jason Rackham signing a number of new artists directly. These include Amazing Baby, Telepathy and Phoenix. Label deals with Downtown and World's Fair have also added to the roster.

Speaking to Music Week from Paris last week, Clery-Melin says the UK growth has been the most pleasing aspect of the Universal relationship.

"The UK setup we now have is one of the big achievements that has come as a result of the Universal acquisition," ...