Finance

Review of the Year 2019: January to March

With 2020 fast approaching, we cast our eye over some of the bakery stories that have hit the headlines over the past 12 months.

Warrens closes 22 loss-making shops in restructure

Warrens Bakery has shut 22 company-managed shops in a restructure it has blamed on uncertainty over Brexit.

Real Good Food reduces half-year losses to £2.5m

Renshaw and Brighter Foods owner Real Good Food (RGF) has reduced its losses despite a ‘difficult period’ for its cake decorations business.

Northumbrian Fine Foods owner set for acquisition

US-based investment firm Platinum Equity is seeking to buy private-label biscuits supplier Biscuit International, owner of Northumbrian Fine Foods.

Greencore Group profits up following business reset

Earnings and operating profit at food-to-go business Greencore have risen following a major restructure of the business last year.

Cake Box: second half-year off to encouraging start

Egg-free cake supplier Cake Box has opened five new shops in the past two months, including its first in Wales.

Aryzta organic revenue falls 0.9% in European business

Baked goods supplier Aryzta has reported €413.7m in revenue in its first quarter from its European operations.

Warrens factory and shops under threat in restructure

Warrens Bakery is set to shut one of its factories and several loss-making shops.

Profits up 12% year-on-year at travel site operator SSP

Travel retail business SSP, which operates brands including Starbucks and Upper Crust, has reported £221.m in operating profit.

Tregroes Waffles founder Kees Huysmans (l) and Richard Easton
  (Photo: Development Bank of Wales )

Tregroes doubles waffle capacity after investment

Welsh business Tregroes Waffles is to expand its product range and increase capacity following a six-figure investment.

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