A 74-year-old family bakery has gone into administration after being hit by inflation and rising wheat prices.
Scarborough-based Woodhead Bakery, which has 30 shops in the north east and also supplies Morrisons supermarkets, has been forced to make 30 of its 310 staff redundant. Administrator, the P&A Partnership, is keeping the stores open in the hope of saving the business.
Christopher White, from the P&A Partnership, said: “We believe that by continuing to trade we have the best chance of finding a buyer and we have retained as many employees as we possibly can.
“Unfortunately, Woodhead Bakery has been hit by inflation and the impact of rising global wheat prices, in addition to harsh economic conditions on the high street.”
Read the full story in the 8 April issue of British Baker.